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SMC s P29 6B first-half profit reverses loss last year
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SMC turns around with P29 6-B net profit in H1 – Manila Bulletin
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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.
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 April 22, 2021, 8:00 AM
The power generation arm of San Miguel Corporation will cough up US$1.0 billion worth of investments for 31 new battery energy storage (BES) projects that it will be deploying in various sites nationwide.
The company, in a statement to the media, has emphasized that the BES facilities will have equivalent generation or rated capacity of 1,000 megawatts.
Four of 31 Battery Energy Storage System (BESS) facilities being put up by San Miguel Corporation’s power arm, SMC Global Power Holdings Corp., located in Masinloc Zambales; Malita, Davao; Maco, Davao de Oro, and Jasaan, Misamis Oriental. The BESS facilities are currently undergoing testing and commissioning. These facilities will have a combined rated capacity of over 1,000 megawatts and will stabilize and improve power quality for users nationwide. These will also pave the way for more viable use of renewable power by addressing the issue of intermittence.