Off-grid electricity supplier DMCI Power Corp. (DPC) is spending around PHP 3.5 billion ($69 million) to expand its generation capacity in the off-grid market in the Philippines.
Around PHP 2.7 billion ($53 million) will be used to construct a thermal power plant in Narra, Palawan, while PHP 800 million ($15.9 million) will be spent on a hybrid diesel-solar power plant in Cataingan, Masbate.
The Palawan plant will have a capacity of 15 megawatts, while the Masbate plant will have a combined capacity of around 12 megawatts — 4 megawatts of which will come from solar energy.
Target commercial operation of the 12-megawatt plant is first quarter 2022, while the 15-megawatt plant is set to go online by second quarter 2023.
“These investments are in response to the government’s mandate to accelerate the exploration, development and utilization of renewable energy and indigenous fuel resources, thus decreasing our dependence on imported fuel,” said Anton
