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DMCI to build Masbate Thermal Power Plant

CONSUNJI-LED DMCI Holdings, Inc. said that its power unit had clinched a contract to construct a 15-megawatt (MW) thermal power plant in the municipality of Mobo in Masbate.

DMCI Holdings informed the local bourse on Monday that DMCI Masbate Power Corp. (DMPC), a wholly owned subsidiary of DMCI Power Corp., had entered into an engineering, procurement and construction (EPC) contract with two entities connected with China Energy Engineering Group Co. Ltd. (CEEG) and China Southeast Asia Electric Power Construction Corp.

China Engineering Group Northeast No. 1 Electric Power Construction Co. Ltd (NEPC) 1, a wholly owned subsidiary of CEEG, is focusing its core business on electric power engineering. On the other hand, China Engineering Group Northeast No. 2 Electric Power Construction Co., Ltd (NEPC 2), a CEEG affiliate, is a comprehensive state-owned construction enterprise specializing in the construction and installation of power engineering projects.

The construction, testing, and commissioning of the Masbate thermal power plant, located in Brgy. Tugbo, is poised to be completed after 20 months and 15 days from the commencement date.

According to DMCI Holdings, the delivery of the power plant is in pursuance of DMPCs contractual commitment to Masbate Electric Cooperative, Inc. (MASELCO) under their power supply agreement (PSA), which was executed on May 4, 2007.

DMPC, in partnership with MASELCO, replaced in May reclosers in the distribution line feeders situated in the PV Corpuz municipality in the province, which the company said had significantly minimized the power supply interruption due to line faults in the power coop’s service area.

A recloser is a circuit breaker that automatically switches off power in a distribution line segment or section during power overload or line faults. It limits the impact of an outage by isolating the faulted section from the rest of the distribution system, effectively curtailing a domino-effect of power line interruptions.

DMCI Power is in the business of designing, constructing, investing in, and operating power plants. It offers electricity supply to grid and off-grid areas in Visayas.

DMCI Holdings was incorporated in 1995 as a holding company to consolidate all of the construction business, construction component companies, and related interests of the Consunji family. It has affiliates or subsidiaries which are engaged in construction, real estate, coal and nickel mining, power generation, and water distribution.

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