Semirara Mining and Power Corporation (SMPC) says that its sister firm, DMCI Power Corporation is kickstarting the operations of its Php 640 million wind farm on Semirara Island in Antique at the beginning of 2025.
In a report by Business World, SMPC president and Chief Operating Officer Maria Cristina C. Gotianun said that by using this facility, which has a capacity of about 12 megawatts (MW), the company may save Php 200 million by sourcing its energy and would also lower its emissions.
DMCI Power said that the wind corridors stretching from Luzon to Panay, which also cover the Semirara and Cuyo Islands, boast ample wind power density and speed suitable for a utility-scale wind project.
Additionally, SMPC expected Sem-Calaca Power Corporation unit 2 to function at its full capacity in the second half of the year, offering around 300 MW.
To this, Gotianun said that as of 2023, the plant had been operating at an average capacity of 175 MW.
Due to lowered coal and electricity selling prices, SMPC reported an attributable net income of Php 6.5 billion for the first quarter of 2024, a 28% decrease from the same period a year ago.
Furthermore, the firm’s consolidated revenues saw a decline to Php 18.4 billion, around 11% due to a greater percentage of shipments of non-commercial grade coal and lower market pricing for both the electricity and coal segments.
There are no comments
Add yours