• Semirara sets P186.3M CSR budget

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    Integrated energy supplier Semirara Mining and Power Corp. (SMPC) on Thursday said it has earmarked P186.3 million for its corporate social responsibility program.

    The amount, the mining and power arm of conglomerate DMCI Holdings Inc. said, will be poured in to its 5Es CSR program in Semirara Island, in Antique.

    The CSR program specifically focuses on education and skills training, environmental stewardship, economic empowerment, electrification and community infrastructure, and emergency preparedness.

    More than half of its budget or P100 million will be used to construct 17 evacuation centers, 12 classrooms for the implementation of the K-12 program, a seaport and an ice storage plant to support the local fishermen, the company said.

    Meanwhile, about P30 million will go to the company’s marine biology and other environmental initiatives.

    “To promote reef rehabilitation and aquatic biodiversity in the island, SMPC has been reseeding endangered giant clams since 2006. To date, it has reseeded over 38,000 giant clams in the area,” the mining and power firm said.

    SMPC said it would invest the remaining P56 million to build community facilities that will promote health and wellness among the residents in the island.

    “We are committed to creating shared value for our host communities through our 5Es program. Our goal is to provide them with growth opportunities and an enabling environment so they can improve their quality of life,” said SMPC President and COO Victor A. Consunji.

    Last year, the 5Es program of SMPC was selected as a Finalist under the CSR category of the Platts Global Energy Awards, dubbed as “the Oscars of the energy industry.”

    The CSR program was chosen after it was shown to have resulted in high-value employment, reliable electricity, potable water, well-maintained schools, better infrastructure and a thriving local economy for the host community.

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