SPC Power Corporation
PPSE:SPC8.99
PHP
+0.22
(+2.51%)
ISIN
PHY8120B1062
CUSIP
Y8120B106
Return %
Stock
S&P 500
1Y
16.75
14.20
3Y
15.40
81.12
5Y
-34.86
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- James Roy N. Villareal
- Full Time Employees
- 300
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Makati City Philippines
- IPO Date
- Apr 2, 2002
- Website
- spcpowergroup.com
- Similar Companies
- Business
- SPC Power Corporation is a Philippines-based power generation and energy services company engaged in the generation, rehabilitation, operation, and maintenance of electric power facilities. Founded in 1994 as Salcon Power Corporation and headquartered in Makati City, Philippines, the company operates primarily within the utilities and independent power producer sector, supplying electricity and grid stability solutions to the National Grid Corporation of the Philippines, the Wholesale Electricity Spot Market, private distribution utilities, electric cooperatives, and industrial off-takers across the Visayas region and the nationwide grid. The company's core product and service portfolio comprises electric power generation from thermal, diesel, and coal-fired generation assets, including the Naga Power Plant Complex in Cebu, the Panay Diesel Power Plant in Iloilo, the Bohol Diesel Power Plant, Power Barge 104 in Ubay, and a 200-megawatt circulating fluidized bed combustion plant operated through its joint venture, KEPCO SPC Power Corporation; ancillary grid services, including frequency regulation, spinning reserve, contingency reserve, and black-start capabilities; comprehensive power plant operation and maintenance services, providing plant overhaul, predictive and corrective maintenance, asset management, and plant life extension; and specialized engineering, procurement, and construction services, encompassing feasibility studies, balance-of-plant design, electrical and mechanical equipment installation, power equipment relocation, and turnkey commissioning. The company conducts business through several specialized subsidiaries, including SPC Island Power Corporation, SPC Malaya Power Corporation, Cebu Naga Power Corporation, Bohol Power Corporation, and Olango Power Corporation. In recent operational and corporate developments, SPC Power Corporation is executing a strategic portfolio transformation focused on renewable energy and battery storage infrastructure to add 500 megawatts of clean energy capacity by 2029. As part of this strategic pivot, the company concluded its exit from the power distribution segment in September 2024 by completing the sale of its 53.66 percent majority stake in Bohol Light Company, Inc. to Primelectric Holdings, Inc. To spearhead its utility-scale energy storage expansion, the company entered into strategic engineering and system integration agreements in October 2025 via SPC Island Power Corporation with Beijing Hyperstrong Technology Co., Ltd. and China Communications Services Philippines Corporation to deploy 160 megawatt-hours of battery energy storage system projects across facilities in Iloilo and Bohol. To fund this infrastructure deployment, the company allocated PHP 1.9 billion in equity capital and secured a PHP 1.6 billion term loan facility from China Banking Corporation in March 2026. Additionally, SPC Power Corporation secured regulatory authorization from the Philippine Department of Energy to construct a 48-megawatt solar farm in Iloilo while progressing pre-development work on a 100-megawatt utility-scale solar pipeline and prospective run-of-river hydroelectric developments.