Independent Power and Renewable Electricity Producers
Company Overview of SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. generates and trades in electricity in the Philippines. The company generates electricity from coal, natural gas, and hydel sources. It is also involved in the supply of retail power; provision of power-related services; and coal mining activities. The company is based in Mandaluyong City, the Philippines. SMC Global Power Holdings Corp. is a subsidiary of San Miguel Corporation.
Key Executives for SMC Global Power Holdings Corp.
Chairman and Chief Executive Officer
Chairman of San Miguel Corporation and Chief Executive Officer of San Miguel Corporation
Compensation as of Fiscal Year 2014.
SMC Global Power Holdings Corp. Key Developments
SMC Global Power Holdings Corp. Declares Cash Dividends, Payable on June 10, 2014
Jul 11 14
The board of SMC Global Power Holdings Corp. declared cash dividends to stockholders of record of the issuer as of date of June 3, 2014 amounting to a total of PHP 3,500,000,000.00 payable on June 10, 2014.
SMC Global Power Holdings Corp. to Bring into Operation Two Coal-Fired Power Plants in Malita, Davao Del Sur
Jun 9 14
SMC Global Power Holdings Corp. announced that it has committed to bring into operation two coal-fired power plants at a site in Malita, Davao del Sur, by the first quarter of 2016, representing half of the site's eventual capacity of 600 megawatts (MW). The company reported that the first plant with 150-MW capacity is scheduled to link up with the Mindanao grid in December 2015, while the other plant will be commissioned in March 2016. The two plants, will utilize the pre- heat circular fluidized bed technology, which is close to the state-of-the- art coal-fired power plants. In 2015, two other power projects are expected to start operations with Aboitiz Power Corp.'s (AboitizPower) 300-MW coal-fired power project under subsidiary Therma South Inc. and the Alcantara and Sons-led Sarangani Energy Corp., which will operate a 200-MW project in Sarangani province, just two hours from here. Meanwhile, AboitizPower has sought the Davao City council's approval for an expansion of Therma South complex's capacity from the original 300 MW to 645 MW.
SMC Global Power Holdings Corp. Reports Earnings and Production Results for the First Quarter of 2014
May 13 14
SMC Global Power Holdings Corp. reported earnings and production results for the first quarter of 2014. For the quarter, the company reported net sales of PHP 19,959 million against PHP 17,510 million a year ago. Income from operations was PHP 6,640 million against PHP 5,540 million a year ago.
For the quarter, the company produced offtake volume of 4,144 Gwh against 4,092 Gwh a year ago.
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