Semirara CEO Isidro Consunji was quoted by Reuters as saying that the company intends to build a 700MW power generation facility initially and would commission a 300MW power plant in the main island of Luzon, later this year.
The company is also looking to expand its power generation portfolio and would supply the coal required to fuel these assets, Consunji noted.
Semirara produces about eight million tons of coal annually and exports it to China. The exports, however, have been suspended as part of its plan to help contribute to local power generation.
As part of this effort, Semirara, which halted operations at its mine in central Philippines following tremors, is considering operation of a second coal mine in the same region.
The new coal mine is expected to be operated at full capacity in 2016. The company is also seeking to develop a third coal mine.
