Semirara Mining and Power Corp. expects an improved power generation business with the full operations of the Sem Calaca Power Corp. unit 2 in the second half of 2024.
Gotianun said Sem Calaca unit 2 underwent rehabilitation in the first half for 80 days, with the impact to be felt in the second half. The plant was operating at an average capacity of 175 megawatts in 2023. SMPC said coal indices declined on weak demand from developed countries, driven by changes in energy policies, a shift toward renewable sources and slowing economic activities.
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