DMCI Power Corporation (DMCI), a unit of the Consunji Group, has signed an agreement with the Oriental Mindoro Electric Cooperative (Omeco) to construct a 15 MW bunker fuel power plant to supply electricity to Omeco. DMCI will spend close to PhP 1 billion for the development of the power plant. The construction cost includes land expenses and other pre-development expenses such as interest and permits. The project is targeted to commence operations in December 2014.
