THE head of San Miguel Corp. (SMC) has called on power producers in the country to save up their fuel inventories to ensure their unhampered operations during the Luzon-wide lockdown as most businesses have temporarily closed.
As it continued its operations, SMC Global Power Holdings Corp., the power unit of SMC said on Monday it still has sufficient electricity supply to power Luzon during the enhanced community quarantine from March 15 to April 14.
“If there is excess capacity today, particularly since major business and commercial centers and industries are practically shut down, then perhaps government can require power plants to only produce what is needed in order to save on fuel,” SMC President Ramon S. Ang said in a statement.
“As far as our facilities are concerned, we can assure sufficient and uninterrupted capacity supplied to the Luzon and Mindanao grids,” Mr. Ang added.
SMC Global Power has a portfolio of coal, natural gas, and hydroelectric power plants which collectively has a capacity of 2,903 megawatts representing 22% of the Luzon grid and 17% of the National grid.
“Our plants are equipped to handle the demand for reliability. Protocols have been activated in our power plants as a response to crises such as pandemics,” he said.
Shares in SMC on Monday inched up by 0.18% to close at P83.15 apiece.
