Consunji-led DMCI Power seeks to collect P1.3B from Napocor

Consunji’s DMCI Power Corporation (DPC) was not spared by the high fuel prices in the Small Power Utilities Group areas.

DPC is trying to collect P1.3 billion from National Power Corp. for fuel costs.

Its chairman Isidro Consunji said the amount covers fuel for three plants located in Masbate, Mindoro, and Palawan.

“That’s four and a half months overdue,” he said, adding that a lot of off-grid firms are experiencing the same problem.

DPC, however, continues to invest in the SPUG areas. The company spent around P745 million to install an additional 11 megawatts (MW) of generation capacity in Masbate, boosting its total installed capacity in the province by 21 percent.

Last November 4, DPC deployed and operated a 3MW diesel plant in Pio V. Corpuz.

Final testing and commissioning of an 8MW diesel power plant in Cataingan is now underway. The Cataingan plant is targeted to go online by mid-December.

With the additional plants, DPC has a consolidated installed capacity of 148MW located across Masbate, Palawan, and Oriental Mindoro. Its energy portfolio includes diesel, bunker, and thermal.

DPC is targeting to include solar energy in its mix. next year.

Scammers beware! REGASCO, DOE spearhead LPG Law public awareness

Republic Gas Corp. (REGASCO) president and former LPGMA party-list representative Arnel Ty has called on fellow industry players to ensure the safe use of liquefied petroleum gas in the country in line with Republic Act 11592 or the Liquefied Petroleum Gas Industry Regulation Act.

Usapang Bilyonaryo
Bilyo-cnn-logo

Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

ub-rlc-mobile
In cooperation with
bilyoabryo-rlc-2

Brought to you in part by