Calaca power Units 3, 4, to contribute P7.7B in annual sales

SEMIRARA Mining and Power Corp., the listed power and mining subsidiary of DMCI Holdings Inc., sees P7.7 billion in additional yearly sales from the expanded capacity of Calaca power plants starting 2016.

“We estimate about P7.7 billion in gross revenues and P2 billion in net income from the Units 3 and 4, which will start next year. The plants are relatively new so there might be some faults. But by next year . . . its full commercial operations,” Isidro Consunji, DMCI Holdings president, told reporters on Tuesday.