Southwest Luzon Power Generation Corp

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Our venture into power business adheres to our commitment of providing basic necessities by energizing the underserved communities in the grid and off-grid areas of the country. During the year, our power business, DMCI Power Corporation (DMCI PC) has started the construction of Masbate Diesel Power Plant in Brgy. Tugbo, Mobo, Masbate with a total guaranteed dependable capacity of 13 megawatts. The National Power Corporation (NPC) awarded DMCI, after a competitive selection process, the right to supply power to the island of Masbate for fifteen (15) years through a Power Supply Agreement with Masbate Electric Cooperative (MASELCO). The Masbate Power Plant is expected to start its operations in mid 2009 which will serve around 27,500 commercial and residential customers in Masbate. There are still about 50,000 households in the main island of Masbate which are not yet electrified and could serve as potential customers in the future. DMCI PC has another significant power project in the pipeline in response to the call of the government for private sector investments in power generation in order to address the urgent and growing requirement for power in the country especially in the Visayas region. The Department of Energy has already on their list of committed projects in their Power Development Plan the 100MW Coal Fired Power Plant to be put up by DMCI in Concepcion, Iloilo once Energy Supply Agreements with the Electric Cooperatives in Panay Island and Guimaras are finalized. The project has already secured all the major necessary permits and endorsements for its construction and operation. DMCI PC has the intention to bid for a selected number of National Power Corporation-Small Power Utilities Group (NPC-SPUG) contracts and Power Sector Asset and Liabilities Management (PSALM)’s privatization of power generation assets. It has also plans to provide power to leading industrial corporations across the country.

Calabarzon
Energy / Utilities
Unspecified

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