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Meralco Eyes Semirara Coal Contract Amid Market Turmoil

2/18/2026

Summary

Story summary

Manuel V. Pangilinan, head of Manila Electric Co. (Meralco), expressed interest in bidding for the Semirara coal operating contract held by Semirara Mining and Power Corp. (SMPC).
Meralco seeks a mine-mouth project to enhance its supply chain and meet renewable energy standards.
A unit of San Miguel Corp. submitted the lowest bid for a 200-megawatt supply deal with Meralco.
SMPC's share price dropped by 21% amid concerns over losing the contract, but the company plans to participate in the bidding.

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Story summary

Manuel V. Pangilinan, head of Manila Electric Co. (Meralco), expressed interest in bidding for the Semirara coal operating contract held by Semirara Mining and Power Corp. (SMPC).
Meralco seeks a mine-mouth project to enhance its supply chain and meet renewable energy standards.
A unit of San Miguel Corp. submitted the lowest bid for a 200-megawatt supply deal with Meralco.
SMPC's share price dropped by 21% amid concerns over losing the contract, but the company plans to participate in the bidding.