Semi­rara spends P2.8B to re­ha­bil­i­tate 2 plants

Business World - - CORPORATE NEWS -

SEMI­RARA Min­ing and Power Corp. (SMPC) said on Mon­day it had spent P2.8 bil­lion in re­ha­bil­i­tat­ing and ex­tend­ing the life of two power plants un­der power gen­er­a­tion sub­sidiary SemCalaca Power Corp.

The Con­sunji-led com­pany told the stock ex­change an­other P2.2 bil­lion worth of con­tracts was also re­cently awarded to var­i­ous lo­cal and for­eign sup­pli­ers un­der three-year pro­gram.

“Units 1 and 2 have been run­ning for 33 years and 21 years, re­spec­tively. We are up­grad­ing the equip­ment to get the re­li­a­bil­ity, per­for­mance and ef­fi­ciency needed to sup­port our con­tin­u­ing com­mer­cial re­quire­ments,” said SMPC Pres­i­dent and Chief Op­er­at­ing Of­fi­cer Vic­tor A. Con­sunji.

The re­ha­bil­i­ta­tion and life ex­ten­sion pro­gram, which ends in 2019, has a bud­get of about P8 bil­lion. It aims to boost the gen­er­a­tion ca­pac­ity of the two plants to 600 megawatts (MW) and ex­tend their eco­nomic life by about 20 to 25 years.

SMPC said ini­tial equip­ment up­grades such as boiler mod­i­fi­ca­tions, which started in late 2016, have raised the gen­er­a­tion ca­pac­ity of the first unit to 270 MW from 220 MW.

The sec­ond unit is set for boiler re­fur­bish­ing and elec­tric pre­cip­i­ta­tor ex­pan­sion from De­cem­ber 2017 to March 2018. The ex­pan­sion, which in­volves a fil­tra­tion de­vice that can re­move 99% of haz­ardous air pol­lu­tants, uses static elec­tric­ity to fil­ter soot and ash from ex­haust fumes be­fore ex­it­ing smoke­stacks, the com­pany said.

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