Anti-competitive and even “economic sabotage” charges possibly await generating companies (gencos) whose power plants have had prolonged outages, especially during the peak demand period, according to the Department of Energy (DOE). During...
The Department of Energy (DOE) is on the watch for a possible yellow alert for Luzon until June due to the usual high electricity demand for summer and the simultaneous shutdown of...
The Department of Energy (DOE) has lifted the one-month suspension of Semirara Mining and Power Corporation’s (SMPC) coal trader accreditation. In a disclosure to the local bourse, SMPC said it received a...
Consunji-led Semirara Mining and Power Corporation (SMPC) is budgeting around Php4 billion for its capital expenditure (capex) program this year. SMPC said Php2.9 billion of the total budget will be used to...
Semirara Mining and Power Corporation (SMPC) posted a 66% decline in its net income after tax to Php3.3 billion in 2020 from Php9.6 billion in 2019. Based on a report from the...
Consunji-led Semirara Mining and Power Corporation (SMPC) has announced the resignation of its President and COO Maria Cristina Gotianun as the firm’s concurrent chief risk officer. In a disclosure to the Philippine...
Generation companies (gencos) focused on non-renewable energy (RE) technologies stand to benefit the most from the impending passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, according to a...
Three of the nine bidders in the Manila Electric Company’s (MERALCO) competitive selection process (CSP) were disqualified from participating in the auction for the supply of 1,800 megawatts (MW) over a 20-year...
Consunji-owned Semirara Mining and Power Corporation (SMPC) said in a disclosure to the Philippine Stock Exchange on Tuesday that it has terminated its four-year joint venture agreement (JVA) with the Meralco Powergen...
Consunji-led Semirara Mining and Power Corporation (SMPC) reported a 64% drop in consolidated net income to Php3 billion in the first nine months of 2020 from Php8.2 billion year-on-year. In a disclosure...
