SMC Global Power Holdings Corporation (SMCGP), a subsidiary of San Miguel Corporation, has formally notified Manila Electric Company (Meralco) that it will be terminating its fixed-price power supply agreement (PSA) covering 670 megawatts of supply drawn from the Ilijan gas-fired power plant.
SMC Global Power Holdings Corporation (SMCGP), the energy investment arm of San Miguel Corporation (SMC), has formally lodged ‘notice of termination’ for two of its prevailing power supply agreements (PSAs) with Manila Electric Company (Meralco).
This move is SMCGP's ultimate recourse if the Ene
SMC Global Power Holdings Corporation (SMCGP), the power generation investment arm of San Miguel Corp., suffered a net loss of P1.831 billion in the first semester this year, wiping out its hefty income of P12.219 billion in the same period last year.
Based on figures released, SMCGP said its
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, logged colossal losses of P15 billion on the electricity generation operation of its power plants due to surging fuel prices in the world market and is now batting for rate hikes so it can partly recov
SMC Global Power Holdings Corporation (SMCGP), the power investment arm of San Miguel Corporation, has listed its P40-billion fixed rate bonds with the Philippine Dealing and Exchange Corporation (PDEx), which has been touted as the largest corporate bond issuance to date.
According to SMCGP,