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SMGP Earmarks P87B for Baseload Expansion
The Philippine Star
|February 24, 2025
San Miguel Global Power Holdings Corp. (SMGP) of tycoon Ramon Ang has set aside at least P87.1 billion to further beef up its baseload portfolio.
SMGP, through Mariveles Power Generation Corp., recently completed its 600-megawatt (MW) coal-fired power plant in the municipality of Mariveles in Bataan, with all four units now operating.
With an estimated investment of P34.4 billion, the Mariveles facility runs on a circulating fluidized bed, a steam-generating technology that burns fuels with higher efficiency and lower emissions.
Similarly, the power arm of San Miguel Corp. is further expanding its Masinloc coal-fired thermal power plant in Zambales through the development of two more units with a capacity of 350 MW each.
Both units are scheduled for completion between this year and the next, SMGP said.
This story is from the February 24, 2025 edition of The Philippine Star.
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