BRIEF-San Miguel Confirms Units To Construct Liquefied Combined Cycle Natural Gas Plants

March 14 (Reuters) – San Miguel Corp SMC.PS:

• CONFIRMS UNITS TO CONSTRUCT 2 LIQUEFIED COMBINED CYCLE NATURAL GAS PLANTS AT ESTIMATED COSTS OF 41.49 BILLION PESOS & 18.5 BILLION PESOS

• CONSTRUCTION EXPECTED TO BEGIN IN THIRD QUARTER OF 2022 AND COMMERCIAL OPERATIONS OF TABANGO, LEYTE PLANT TO START BY FIRST QUARTER OF 2025

• COMMENCEMENT OF OPERATIONS OF THE SAN CARLOS CITY, NEGROS OCCIDENTAL PLANT PROJECTED BY Q3 2025

Source text for Eikon: ID:nPSX1Sl36V

Further company coverage: SMC.PS

((Reuters.Briefs@thomsonreuters.com;))