{"id":329444,"date":"2024-09-12T00:40:15","date_gmt":"2024-09-11T16:40:15","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329444"},"modified":"2024-09-12T00:40:17","modified_gmt":"2024-09-11T16:40:17","slug":"trade-the-news-dmci-power-pushes-for-spug-exclusion-from-coal-ban","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-dmci-power-pushes-for-spug-exclusion-from-coal-ban\/","title":{"rendered":"Trade the News: DMCI Power pushes for SPUG exclusion from coal ban"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>DMCI Holdings, Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>DMC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 11.89<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

DMCI Power Corp., a subsidiary of DMCI Holdings, Inc. (DMC), is pushing for the exclusion of Small Power Utilities Group (SPUG) power plants, operated by the National Power Corp. (NPC) for off-grid areas, from the coal moratorium.<\/p>\n\n\n\n

\u201cI think the moratorium should exclude SPUG because, in SPUG, you are replacing diesel \u2014 the most expensive fuel,\u201d DMCI Power Chairman and Chief Executive Officer Isidro A. Consunji told reporters in mixed English and Filipino last week.<\/p>\n\n\n\n

DMCI Power operates in areas served by SPUG.<\/p>\n\n\n\n

SPUG power plants provide electricity to remote and off-grid areas not connected to the main power grids. DMCI Power is involved in generating power for these areas, often through coal-fired power plants.<\/p>\n\n\n\n

To date, NPC operates 272 SPUG power plants in 222 areas.<\/p>\n\n\n\n

In 2020, the Department of Energy issued a moratorium on the development of new coal-fired power plants.<\/p>\n\n\n\n

Mr. Consunji said that the company\u2019s coal-fired power plant in the off-grid area of Masbate supplies electricity at a rate of P9 to P10 per kilowatt-hour (kWh), which is lower than the P19 to P23 per kWh cost of diesel-generated electricity.<\/p>\n\n\n\n

DMCI Power has an existing 15-year power supply agreement with Masbate Electric Cooperative through a competitive selection process.<\/p>\n\n\n\n

The company executive said that consumers in SPUG areas \u201cdo not have the money to pay for their electricity bills, but unfortunately, they are currently the ones paying for expensive electricity.\u201d<\/p>\n\n\n\n

(News Source: Manila Standard<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329444","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329444"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329444\/revisions"}],"predecessor-version":[{"id":329446,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329444\/revisions\/329446"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}