Published
November 9, 2017, 10:00 PM By
Myrna M. Velasco
It was generally an
upbeat business year for Consunji-led Semirara Mining and Power Corporation
(SMPC) with its net income after tax (NIAT) climbing 21 percent to P11.55
billion from January to September this year from a leaner P9.56 billion in the
same period in 2016.
The company noted that
its power generating assets – chiefly Sem-Calaca Power Corporation (SCPC) and
Southwest Luzon Power Generation Corporation (SLPGC) brought in substantial
income contribution of P5.57 billion, already net of some items’ eliminations.
The Sem-Calaca power
plant logged earnings of P3.34 billion; while SLPGC had yielded P2.67 billion
during this financial review period.
In terms of revenues,
SMPC registered 24-percent hike to P31.93 billion from the year-ago level of
P25.73 billion.
It emphasized that the
power segment put in P14.91 billion in total revenues, prior to eliminations.
Essentially, the company noted that the first nine month’s performance had been
20-percent higher from P12.29 billion in 2016.
“Energy generation of
SCPC increased by 26% year-on-year to 2,503 gigawatt hours (GWh) from 1,983 GWh
last year,” the company stressed.
It cited that such had
been in spite of the fact that the plant’s unit 1 “was on maintenance shutdown
the whole of first quarter and only came back online in mid-April this year.”
By far, the Consunji firm indicated that the facility’s generation level which
is being fed with Semirara coal, improved to 270 megawatts from previously at
250MW.
On the whole, its power
generation activity posted 25-percent rise to 3,883 GWh from year ago at 3,103
GWh; while sales volume had also been up 9.0-percent to 3,814 GWh from 3,506
GWh in the same period in 2016.
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