Semirara pays DOE P2.65B in royalties for 2016

Semirara pays DOE P2.65B in royalties for 2016 Semirara Mining and Power Corp. (SMCP) on Monday said it turned over some P2.65 billion in royalty payments to the Department of Energy (DOE) for 2016. In a filing with the local bourse, Semirara said its latest royalty payments reflect a 47-percent …

GMA News

Semirara royalty payments to DOE surged in 2016 by 47% to hit P2.65B

Semirara Mining and Power Corp. (SMPC) said its royalty payments turned over to the Department of Energy surged by 47 percent to P2.65 billion in 2016 from P1.8 billion in 2015. Of the amount paid last year, 40 percent or about P1 billion was intended

Inquirer.net

Royalties paid by Semirara rose 47% to P2.65B in ’16

Consunji-led integrated energy company Semirara Mining and Power Corp.’s (SMPC) royalty payments to the Department of Energy last year increased by 47 percent to P2.65 billion compared to the P1.8 billion paid in 2015. Of the P2.65 billion, more than

Malaya

DoE gives go signal for Semirara’s power plant

SEMIRARA Mining and Power Corp. (SMPC) can go ahead and build a coal-fired power plant on Semirara island, initially with a capacity of 50-megawatts (MW), that can become Mindoro’s main source of baseload power, the Energy secretary said.

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