Ruling on Semirara contract likely out by early next year

The decision on extending Semirara Mining and Power Corp.’s (SMPC) coal operating contract beyond 2027 could be issued early next year, the Department of Energy (DOE) said.

- By BRIX LELIS

“I'm hoping (for the decision) within this year, but probably that will be in the first quarter of next year,” Energy Secretary Sharon Garin told The STAR.

Garin said the DOE is awaiting the Department of Justice’s opinion before deciding whether to amend SMPC’s contract or open it for bidding.

“We know the value of Semirara. It’s a very significant portion of energy security, but we need to abide by the law and the provisions of the contract also,” the energy chief noted.