SMPC allots P4-B capex this year for coal mining, power generation ventures

Published March 15, 2021, 12:47 PM
Consunji-led Semirara Mining and Power Corporation (SMPC) will funnel P4.0 billion capital expenditures (capex) for its businesses this year, primarily for the purchase of mining and support equipment for its coal mining venture.
In a statement to the media, the company emphasized that P2.9 billion will be earmarked for the targeted equipment procurement; and the balance of P1.1 billion will bankroll preventive and maintenance programs for its power generating facilities.
The Consunji firm has two power plants – the Sem-Calaca Power Corporation and Southwest Luzon Power Generation Corporation assets – that are both sited in Calaca, Batangas and have been feeding generated electricity into Luzon grid.

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