SMC Global Power Holdings Corporation (SMC Global Power) has decided to call-off development of five coal fired power plants in the Philippines. The plants have a combined capacity of 2,128 MW. These include the 328 MW coal-fired power plant in Davao Del Sur, as well as the convert its 300 MW San Carlos coal plant into an LNG-fired power plant. Other proposed coal-fired projects have also been called-off, including the 600 MW Pagbilao and 600 MW Sariaya power plants in Quezon province, as well as the 300 MW Looc power plant in Cebu.
The decision to stop coal-fired project development is part of SMC Global Power’s transition to cleaner power generation. This move is also a part of the company’s compliance with the Department of Energy’s (DoE) embargo on greenfield power plants, which was announced in October 2020. Instead, the corporation will concentrate on the development of LNG-fuelled power facilities and solar plants that are linked to battery energy storage systems (ESS) across the Philippines.
SMC Global Power will keep operating its current portfolio of coal-fired power plants in Zambales, Batangas, and Davao Occidental, including the 900MW Masinloc plant, 600MW Limay plant, and 300MW Malita plant.
