MANILA – SMC Global Power Holdings Corp., the power arm of San Miguel Corp., had a 12-percent lower income at P19.34 billion for the past three months of 2015 compared to 2014's P21.87 billion.

In a disclosure to the Philippine Stock Exchange, SMC Global Power bared it had an income from operations amounting to P19.34 billion this year from P21.87 billion in 2014 for the same period.

The company noted 55 percent of its operating income came from the capacity of the Sual Power Plant in Pangasinan; natural-gas fired Ilijan in Batangas contributed 23 percent, hydro-power San Roque in Pangasinan had a 13-percent share and diesel-fired Limay Cogen in Batangas contributing 9 percent.

The company's net sales, on the other hand, saw a decrease of 10 percent at P58.99 billion from P65.51 billion last year.

Aside from its current portfolio of capacity, the generation company is also building two greenfield power projects with a capacity of 300 megawatts each.

One of the power plants is located in Malita, Davao del Sur, while the other is located in Limay, Batangas.*PNA

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