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SPC Power Corporation

Company Description
SPC Power Corporation (SPC), formerly Salcon Power Corporation, was incorporated on March 11, 1994 as a venture company organized by members of the Salcon Consortium which entered into a rehabilitation, operation, maintenance and management (ROMM) agreement with the National Power Corporation (NPC) on March 25, 1994 for the purpose of undertaking the ROMM of the 203.8 MW Naga power plant complex in Colon, Naga, Cebu. SPC has authorization to sell all of the electricity generated from the Naga power plant complex to NPC under a take-or-pay agreement.

On January 4, 2017, the Securities and Exchange Commission approved the change in its primary purpose to the business of selling, brokering, marketing or aggregating electricity to the end users.

SPC's subsidiaries are SPC Island Power Corporation; Cebu Naga Power Corporation; SPC Malaya Power Corporation; Bohol Light Company, Inc.; SPC Light Company, Inc.; and SPC Electric Company, Inc. The Company's associates are Mactan Electric Company, Inc. and KEPCO SPC Power Corporation.

Source: SEC Form 17-A (2016)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date Mar 11, 1994
Number of Directors 11
Stockholders' Meeting as per By-Laws 3rd Monday of April of each year
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Metropolitan Bank & Trust Company - Trust Banking Group
Contact Information
Business Address 7th Floor, Cebu Holdings Center, Archbishop Reyes Avenue, Cebu Business Park, Cebu City
E-mail Address spc@unet.net.ph
Telephone Number (632) 8104474 to 77
Fax Number (632) 8934844
Website http://www.spcpowergroup.com