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SMC's P29.6B first-half profit reverses loss last year cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
SMC turns around with P29.6-B net profit in H1 – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
SMC's P29.6B first-half profit reverses loss last year cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Published July 22, 2021, 7:00 AM The power investment unit of diversified conglomerate San Miguel Corporation (SMC) is taking steps into cementing a pathway that will pare the carbon footprints of its projects and business operations. Alongside recent announcement that it will be dropping its previously blueprinted 1,500 megawatts of coal-fired plant developments, SMC Global Power Holdings Corporation (SMCGP) stated that it will also be aggressively pursuing tree planning activities as well as carbon capture initiatives. The company said it already planted a total of 2.7 million seedlings and propagules (vegetative structure), as part of the reforestation program that it has been advancing so it can contribute to solutions of the world’s climate change dilemma. ....
Published June 7, 2021, 6:00 AM ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on Friday, ERC chairperson Agnes T. Devanadera further hinted of “pricing play” as the secondary price cap in the Wholesale Electricity Spot Market (WESM) had been hit 418 times this year. A ‘play’ in the market angle is also being scrutinized by the regulatory body given the price spikes that will then be punishing consumers with higher electric bills. ....