SMPC earnings drop 66% due to pandemic, import quotas
- March 5, 2021
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
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
Aboitiz Power Corporation, through subsidiary Therma Marine, Inc. (TMI), has recently begun installing its first battery energy storage system (BESS) aimed at supporting the Mindanao Grid. Once completed, the 49-megawatt TMI BESS
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
Metro Pacific Investments Corporation (MPIC) and a German biogas technology firm said they are set to build the first industrial biogas plants using wastes from pineapples and other fruits to generate clean
Lower incomes and operating expenses of the Manila Electric Company (MERALCO) and Global Business Power Corporation (GBP) due to the COVID-19 pandemic were major factors in Metro Pacific Investment Corporation’s (MPIC) 34%
Aboitiz Power Corporation was tapped to supply renewable energy (RE) for Wells Fargo International Solutions LLC-Philippines to meet its electricity requirements in the country. Wells Fargo Philippines recently announced that it has
MERALCO PowerGen Corporation (MGen), the power generating arm of the Manila Electric Company (MERALCO), is seriously considering the use of liquefied natural gas (LNG) for its power plants instead of the previously
A group of companies led by business tycoon Manny V. Pangilinan have formally submitted an offer to acquire 45% of the Malampaya gas-to-power project being sold by Shell Philippines Exploration B.V. (SPEX).
Aboitiz Power Corporation has begun selling the first tranche of its fixed-rate bonds after it received the Order of Registration and Certificate of Permit to Offer Securities for Sale from the Securities and
The COVID-19 pandemic and the series of disasters that hit Luzon pulled down the Manila Electric Company’s (MERALCO) consolidated core net income by nine percent to Php21.7 billion in 2020 from Php23.8