SMC to build Aklan hydro

Manila Standard Today
By Alena Mae S. Flores | Mar. 11, 2014 at 12:01am 

The Energy Department approved the application of Strategic Power Development Corp., a wholly-owned unit of SMC Global Power Corp., to build a 200-megawatt pumped storage hydro project in Aklan. 
SMC Global Power is the power unit of diversified conglomerate San Miguel Corp., currently one of the country’s biggest power generators. Energy director Mario Marasigan said the government on Feb. 4 signed the renewable energy service contract of Strategic Power for the 200-MW pumped storage hydro project. 
“It’s now in pre-development stage of the hydro service contract,” the industry source said when asked for comment. 
Strategic Power also has pending applications for hydro service contracts to build the 20-MW West Upper San Roque Pumped Storage and 10-MW East Upper San Roque Pumped Storage. 
Strategic Power currently trades the capacity of the 345-MW San Roque Multipurpose hydroelectric power plant in Pangasinan. 
Strategic Power won the bidding as the independent power producer administrator of San Roque in 2009 with an offer of $450 million. 
San Miguel, through unit SMC Global Power Corp., plans to construct a total of 2,100 megawatts of coal-fired capacity in Limay, Bataan and Malita, Davao starting 2016 to 2020. 
Records from the Energy Department showed SMC Global was constructing the power facilities in Bataan and Davao through SMC Consolidated Power Corp. source