Effective August 3, 2009, DMCI-Holdings Inc. (DMCI HI), the parent company of Semirara Mining and Power Corporation (SMPC), acquired the 600MW Calaca-based Batangas Coal-Fired Thermal Power Plant from the Power Sector Assets and Liabilities Management Corporation (PSALM).
SEM-Calaca Power Corporation (SCPC) was then incorporated on November 19, 2009 to acquire, design, construct, rehabilitate, expand and maintain power-generating plant and related facilities for the generation of electricity, including the sale of electricity to any person through electricity markets, among others.
SCPC assumed all of DMCI-HI’s rights and obligations under the Agreements executed by and among DMCI-HI, PSALM and SCPC, transferring the right to operate the Calaca Power Plant on December 2, 2009. On May 4, 2010, full ownership over the Calaca Power Plant was transferred to SCPC.
The proximity of the Calaca Power Plant to the Semirara Minesite is beneficial to the Plant, most notably for the supply of the plant’s local coal requirements and freight cost advantage compared to imported coal, among others.
SCPC, as the owner and manager of the Plant, engaged the services of its affiliate, DMCI Power Corporation (DPC), to rehabilitate, operate, and maintain the power plant effective June 1, 2010. Since then, it has successfully rehabilitated both units which improved the generating capacities to perform close to its rated capacity of 600 MW.