South Premiere Power Corporation (SPPC), a subsidiary of SMC Global Power Holdings Corporation (SMGP) of the San Miguel group, will resume operations of the 1,200-megawatt Ilijan gas-fired power plant by April next year, in time for the high demand during the summer months.
According to SMC, the
Power utility giant Manila Electric Company (Meralco) has been compelled to source higher-priced electricity from the Wholesale Electricity Spot Market (WESM) to plug the gap on its baseload capacity needs due to the cessation of supply from the Ilijan gas-fired power facility of South Premiere Powe
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 Corp. (SMCGP), the energy investment arm of San Miguel Corporation, contended that its step to elevate its rate hike case to the Court of Appeals (CA) is a valid legal remedy it can resort to after its petition was junked by the Energy Regulatory Commission.
“Going to
The P0.30 per kilowatt hour (kWh) joint rate hike application of Manila Electric Company (Meralco) and San Miguel Global Power Holdings Corporation (SMCGP) scored initial victory with the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the verdict handed down by the E