San Miguel Drops Coal Projects From Expansion Plans

San Miguel Corp., one of the Philippines’ largest power generators, will drop new coal projects from its expansion plans as it prepares for a transition to a low-carbon future.

“This has not been easy as our country still depends much on reliable and affordable traditional power sources,” the company’s President Ramon Ang said in a Facebook post on Saturday. Still, the nation’s biggest company is “confident” it can effect a transition through collaboration and new technologies, he said.