SMC says subsidiary 'contemplating' building LNG plant in Cebu

ABS-CBN News

Posted at Apr 29 2022 04:51 PM

MANILA - San Miguel Corp on Friday said its subsidiary SMC Global Power Holdings is "contemplating" building a 600-megawatt liquefied natural gas power plant in Lapu-Lapu City in Cebu.

SMC Global plans to construct and operate the P60-billion LNG plant, SMC told the stock exchange.

"A further disclosure shall be made by SMC Global Power prior to the commencement of the construction of the plant," SMC said.

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