Semirara Mining & Power is looking to expand its generation portfolio through the building of at least two large coal-fired power plants over the next three to four years.
Reuters reports that the mining company is planning to construct 1,100MW of coal-fired plants with company CEO Isidro Consunji quoted as saying that the company intends to build a 700 MW facility initially and would commission a 300 MW power plant in the main island of Luzon, later this year.
In order to meet the surging demand for power in the Philippines, the country is believed to be considering advancing the construction of dozens of coal-fired power plants that are under development phase.
Such is the drive to meet that demand that Semirara’s export of coal to China has been diverted to domestic concerns.
The company is also expected to open a new coal mine which would be operational at full capacity in 2016.
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