San Miguel Corp. is preferring to invest in clean coal-fired power plants instead of renewable energy projects for the meantime. The reason for this is the heavier cost associated with the later, which may prove troublesome to consumers. SMC President and COO Ramon S. Ang revealed this preference in an interview last Thursday.
“We are very much aware that a coal power plant is very harmful to the environment,” Mr. Ang said. “Although renewable energy is the most ideal. It is not sustainable…because it imposes too much burden on the part of the end-users.” In an earlier interview, Mr. Ang said that they plan on building two power plants in Luzon and three in Mindanao.
