DMCI Power Corp. (DPC) is pouring in P1.2 billion this year to finance a number of power projects. DPC President Nestor D. Dadivas said the amount is meant to augment the power firm’s existing generation capacity and to implement its scheduled maintenance programs in the provinces of Masbate, Oriental Mindoro and Palawan. The company will partly…
DMCI allots P18.3 B for Semirara
Consunji-led DMCI Holdings Inc. is eyeing to infuse P18.3 billion worth of investments to put up a cement plant in Semirara Island in Antique, and other relevant facilities as it banks on the expected boost of the infrastructure industry in the Philippines. Victor Limlingan, managing director of DMCI Holdings, revealed the company’s plan to construct…
DMCI Power invests P3.5 B for off-grid projects
Off-grid energy producer DMCI Power Corp. has invested P3.5 billion worth of power projects in missionary areas in the last six years. DMCI Power president Nestor Dadivas said the investments were made from 2010 to 2016, covering four small-scale diesel and bunker-fired facilities in Masbate (July 2010), Palawan (December 2012), Oriental Mindoro (2016) and Sultan…
BOI gives DMCI Power 6-year income-tax holiday
DMCI Power Corp. has been granted a six-year income-tax holiday for its 2×4.95 megawatt (MW) bunker-fired power plant in Aborlan, Palawan. DMCI Power’s entitlement to the tax incentive was determined based on its project’s ability to contribute to the economy’s development as measured by its net value added, new jobs generated, multiplier effect and measured…
Semirara sets aside $150M for Calaca upgrade
MANILA, Philippines – Consunji-led Semirara Mining and Power Corp. is allotting at least $150 million to upgrade the capacity of its coal-fired power plant in Calaca, Batangas, its Chairman and CEO Isidro Consunji said. Read more here.
DMCI sends gensets to Palawan, Masbate for polls
Off-grid supplier DMCI Power Corp. (DPC) is deploying several generators with a total capacity of 10 megawatts (MW) in Masbate and Palawan to ensure reliable power supply during the May 9 polls. Read more here.
DMCI to go hydro
DMCI Power Corp., the off-grid energy arm of diversified engineering conglomerate DMCI Holdings Inc., is considering venturing into the hydroelectric power business to generate nearly 100 megawatts (MW) from run-of-river power plants in Mindanao’s off-grid areas. Read more here and here.