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SMC Global cleared to conduct grid impact study for Negros coal plant

SMC Global Power Holdings Corp., the power generation arm of conglomerate San Miguel Corp., said Tuesday it received a clearance from the Energy Department to conduct a grid impact study for a planned 300-megawatt coal plant in San Carlos, Negros Occidental.

The grid impact study for SMC Global’s latest coal project would determine the impact of the project to the Visayas grid.

Meanwhile, SMC Global said it planned to build a 600-MW coal-fired power project in Barangay Ibabang Polo, Pagbilao, Quezon and a 600-MW coal project in Sariaya, Quezon. Both are listed as indicated projects of the Energy Department.

SMC expanded its power generation portfolio following the acquisition of the stakes of Electricity Generating Public Company Ltd. or Egco Group and AES Corp. in Masinloc Power Partners Co. Ltd. for $2 billion last year. 

The sale included AES’ equity interest in the 630-megawatt Masinloc coal-fired power plant in operation, the 335-MW Masinloc 2 coal-fired power plant under construction and the 10-MW Masinloc energy storage project in operation.

SMC Global also has three power plants under its independent power producer portfolio. These are the 1,218-MW Sual, 735-MW Pagbilao, and 345-MW San Roque power plants.

South Premiere Development Corp., a unit of SMC Global, is also the administrator of the 1,200-MW Ilijan power plant in Batangas.  The Ilijan natural gas plant was constructed and owned by Korea Electric Power Corp. under a build-operate-transfer scheme that would expire on June 4, 2022.

SMC Global also owns a 60-percent stake in the 218-MW Angat hydropower plant and has power plants in Malita, Davao del Sur and Limay, Bataan.

The company said earlier it planned to put up 10,000 MW of renewable energy facilities including large hydropower projects.

Topics: SMC Global Power Holdings Corp. , San Miguel Corp. , coal plant , Masinloc Power Partners Co. Ltd.
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