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.