"Our focus is on meeting our coal production target of 16 (MMT) and achieving a balance in our contracted generation capacity mix," SMPC president and COO Maria Cristina Gotianun said.
The company also expects coal and electricity prices to "remain stable" for the remaining months of the year.
An integrated power generator, SMPC supplies fuel to power plants, cement factories and other industrial facilities across the country. It also exports coal to China, South Korea, Brunei and other nearby markets.
In the third quarter, coal production grew by seven percent to three MMT from 2.8 MMT due to a low-base effect following the near-depletion of Molave mine and pre-stripping activities in Narra mine last year.
This story is from the November 02, 2024 edition of The Philippine Star.
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This story is from the November 02, 2024 edition of The Philippine Star.
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