Aboitiz expects 30% hike in demand for Davao Light and Power

Aboitiz expects 30% hike in demand for Davao Light and Power

DAVAO CITY – The Davao Light and Power Co. is expecting a 30-percent increase in electricity demand in its franchise areas from 421 megawatts (MW) in 2018 to 546 MW by 2023 based on the continued economic growth across the country.

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“The construction boom in the city is a win-win for all sectors,” Rodger Velasco, Davao Light director and president and chief operating officer, said Sunday.

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Davao Light, the third largest privately-owned electric utility in the country owned by the Abitiz Group, is expecting the construction of more residential buildings, a hotel business park, a multipurpose indoor arena, a factory, and schools between 2019 and 2021.

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Velasco said they also look forward to serving more customers, especially when the government’s “Build, Build, Build” program shifts to a higher gear.

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The electric utility sees an increase in its customer base to 504,911 from 404,574 last year.

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It is also anticipating an increase in its sales from 2,468,191 MW per hour in 2018 to 3,137,336 MW per hour in five years.

Davao Light serves Davao City, Panabo City, and the towns of Carmen, Dujali, and Sto. Tomas in Davao del Norte province.

Earlier, Mindanao Development Authority Assistant Secretary Romeo Montenegro said the construction boom in the city would boost electricity demand.

Montenegro underscored the importance of power supply moving along the growth trajectory in the long-term, “thus the need to bring in new and reliable capacities even before the developments get ahead of us”. (PNA)