Consunji-led Semirara Mining and Power Corp. (SMPC) is aiming to secure contracts for approximately 50% of its 756 megawatts (MW) net selling capacity, as part of a strategic plan to stabilize revenues and manage demand fluctuations. President Maria Cristina Gotianun shared the update during the company’s annual stockholders’ meeting on May 5.
As of the second quarter, SMPC has secured and implemented 267 MW in new contracts, bringing its total contracted capacity to 334 MW, or 42% of its net sellable capacity.
Net selling capacity refers to the amount of electricity that a power company can reliably sell to the market after accounting for internal use and technical losses.
“This strategic move will secure stable revenue while providing flexibility to manage demand fluctuations,” Gotianun said.
The push for more contracted capacity is aligned with SMPC’s broader energy strategy, balancing market exposure with steady income through long-term power supply agreements.
In addition to its power contracting efforts, SMPC is advancing several initiatives across its mining and energy operations, including a P291-billion coal mine expansion project that will eventually bring the new Acacia pit into full operation. This expansion follows the Department of Energy’s approval in December 2024 and is designed to succeed the Molave and Narra pits, with mining activities planned through 2027.
Exploration and pre-stripping activities are currently underway at the Acacia mine to support the long-term sustainability of coal output. “We expect to receive the ECC for the Acacia mine from the DENR within the second half of 2025. Exploration and pre-stripping activities are currently underway, with production targeted to begin within 2026,” Gotianun said. To strengthen resilience against market risks, the company is also working to expand its export footprint beyond its traditional customer base
“We are actively expanding our export reach and diversifying into new markets,” Gotianun said, citing efforts to reduce reliance on a single major market.
SMPC is also preparing to tap renewable energy for its operations. By the second quarter of 2025, its mining operations will begin sourcing electricity from a 12 MW wind farm on Semirara Island.
The shift to wind power is expected to cut diesel use, reduce emissions, and bring down energy costs for mining activities.
“This is a step toward decarbonizing our mining operations and supporting our long-term cost efficiency,” she added.
As energy markets evolve and sustainability pressures increase, SMPC is positioning itself to remain competitive while managing operational risks. The company reaffirmed its goal of balancing profitability with long-term growth across both its coal and power businesses.
SMPC posted robust operational results in 2024, achieving record coal shipments and power generation, while advancing renewable energy efforts and mining expansion plans.
The company shipped 16.5 million metric tons (MT) of coal last year, surpassing the previous all-time high of 15.8 million MT. “For the third straight year, we have reached our maximum production capacity of 16 million MT, in line with the limits of our current Environmental Compliance Certificate (ECC),” Gotianun said.
Coal exports grew by 5% to 8.5 million MT, while domestic sales increased by 4% to 8 million MT, driven by cement plant demand and internal consumption.
On the power front, SMPC set a new record with over 5,300 gigawatt-hours (GWh) in gross generation in 2024—marking a 10% rise from the 4,900 GWh posted in 2023 and the highest in seven years. A key factor was the successful rewinding of the Unit 2 generator, restoring its capacity to 300 megawatts (MW). This upgrade lifted average capacity by 14%, from 672 MW to 764 MW.
Efficiency efforts led to significant savings: Php 220 million in operational costs, a 2.5 million-liter reduction in startup fuel use, over 60,000 MWh in energy savings, and a carbon footprint cut of more than 85,000 MT CO₂-equivalent. The company also cut daily water usage at its power plant by 60%.
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