The Company`s power business, DMCI Power Corporation (DMCI Power) 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).
In July 2009, the Company has been awarded the 600MW Thermal Coal-Fired Power Plant in Calaca, Batangas. The power plant now has been turned over to the project company, Sem-Calaca Power Corp., a 100% owned subsidiary of SMC.
DMCI Power 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 also plans to provide power to leading industrial corporations across the country.