Tag: Semirara

DMCI allots P18.3 B for Semirara

Consunji-led DMCI Holdings Inc. is eyeing to infuse P18.3 billion worth of investments to put up a cement plant in Semirara Island in Antique, and other relevant facilities as it banks on the expected boost of the infrastructure industry in the Philippines. Victor Limlingan, managing director of DMCI Holdings, revealed the company’s plan to construct…

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Marubeni taking 20% stake in Calaca coal power plant

Japan’s Marubeni Corp. is entering as a strategic partner in the Semirara Mining and Power Corp.-Meralco PowerGen Corp. (MGen) team-up for the 2×350-megawatt coal-fired power plant in Calaca, Batangas estimated to cost as much as $1.4 billion, a Semirara official said. In an interview with reporters, Semirara chairman and CEO Isidro Consunji said Marubeni is…

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Semirara confident on coal output despite Panian depletion

Semirara Mining and Power Corp. expects no interruption in its coal production even if it has fully exhausted mineable reserves in its Panian Pit as it has two more coal mines in Antique, its top official said. In a disclosure to the Philippine Stock Exchange, Semirara said it received a Department of Energy (DOE) certification…

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Calaca plant’s units 3, 4 start commercial operation

A SUBSIDIARY of Semirara Mining and Power Corp. (SMPC) has started the commercial operation of the third and fourth units of its coal-fired power plant in Calaca, Batangas on Aug. 26, the Consunji-led company said. The plant, which is under SMPC’s Southwest Luzon Power Generation Corp., is currently running at a capacity of 140 megawatts…

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Semirara sets aside $150M for Calaca upgrade

MANILA, Philippines – Consunji-led Semirara Mining and Power Corp. is allotting at least $150 million to upgrade the capacity of its coal-fired power plant in Calaca, Batangas, its Chairman and CEO Isidro Consunji said. Read more here. 

Semirara expects double digit growth

Semirara Mining and Power Corp., which posted a 24-percent increase in net profit last year, expects double-digit growth again this year with the opening of new power stations and improvements in efficiency. Read more about it here.