Semirara Mining and Power Corp. (SMPC), the country’s largest coal producer, is allocating P6.9 billion for 2025 capital expenditures, up 5 percent from P6.6 billion last year.
SMPC said over the weekend the bulk of the capex spending of P5.8 billion is for its coal segment.
“In 2025, SMPC is anticipating group capex at P6.9 billion, with P5.8 billion accounted to the coal segment for refleeting initiatives and additional acquisition of mining and support equipment,” the company said.
It said Sem-Calaca Power Corp. would account for P700 million of the total capex, while P400 million is allocated to Southwest Luzon Power Generation Corp.
“Both for maintenance activities and initiatives to enhance fuel and feed systems,” it said.
SMPC said last week it achieved a historic 16.5 million metric tons (MT) in coal shipments in 2024, surpassing the previous year’s all-time high of 15.8 million MT.
SMPC said the increase in coal shipments was due to stronger demand from China and the domestic markets.
