San-Miguel-Corporation-logo-CNNPH (4) MANILA, July 11 (Bloomberg): San Miguel Corp, one of the Philippines’ largest power generators, will drop new coal projects from its expansion plans as it prepares for a transition to a low-carbon future. This has not been easy as our country still depends much on reliable and affordable traditional power sources,” the company’s President Ramon Ang said in a Facebook post on Saturday.
Still, the nation’s biggest company is confident” it can effect a transition through collaboration and new technologies, he said.
In April, San Miguel said it is spending more than $1 billion to simultaneously build 31 battery energy storage facilities with a total capacity of more than 1,000 megawatts.
Biggest Philippine Power Generator Will Drop New Coal Projects
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Biggest Philippine Power Generator Will Drop New Coal Projects
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
SMC President Ramon Ang and Foreign Affairs Secretary Teodoro Locsin Jr. (PCOO/FILE PHOTO/ MANILA BULLETIN)
In a Twitter post, Locsin hinted at the difficulty of doing things when one is the country’s highest elected official.
“He is not rebuilding the Philippines, there is nothing to rebuild; he is instead building it from the ground up ex nihilo as no one else has done. Period,” he said.
“Should he be president? If he is he’ll get nothing done,” the country’s top diplomat added.
Locsin was reacting to a news post about the extension of the South Luzon Expressway to Quezon province. SMC is constructing the 66.7-kilometer SLEX Tollroad-4 (SLEX-TR4) despite issues such as the “unsettled” right of way and COVID-19 restrictions.
President Duterte inaugurated on Thursday the 18-kilometer Metro Manila Skyway Stage 3 project – an elevated expressway that connects the South Luzon Expressway (SLEX) from Buendia in Makati City to the North Luzon Expressway (NLEX) in Balintawak, Quezon City.
President Rodrigo Roa Duterte leads the unveiling of the marker of the Metro Manila Skyway Stage 3 (MMSS-3) Project during the inauguration ceremony at the Del Monte Toll Plaza in Quezon City on January 14, 2021.
(ALFRED FRIAS/ PRESIDENTIAL PHOTO / MANILA BULLETIN)
Public Works and Highways Secretary Mark Villar, together with DPWH Undersecretary Cathy Cabral, DPWH spokesperson Anna Mae Lamentillo, Presidential spokesman Harry Roque, Budget and Management Secretary Wendel Avisado, and Transportation Secretary Arthur Tugade, walks along the main line of the Metro Manila Skyway Stage 3 Project.