SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Nov 10, 2017

2. SEC Identification Number

91447

3. BIR Tax Identification No.

000190324000

4. Exact name of issuer as specified in its charter

SEMIRARA MINING AND POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231

8. Issuer's telephone number, including area code

632-8883000/8883055

9. Former name or former address, if changed since last report

-

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,261,145,720

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Semirara Mining and Power CorporationSCC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
SMPC spends P3B on Calaca upgrade
Background/Description of the Disclosure
Integrated energy company Semirara Mining and Power Corporation (SMPC) has spent P2.8 billion on the rehabilitation and life extension program of its two power plants under power generation subsidiary Sem-Calaca Power Corporation (SCPC). Another P2.2 billion worth of contracts related to the program was also recently awarded to various local and foreign suppliers. The three-year program ending 2019 has an allotted budget of about P8 billion. It aims to boost the generation capacity of both plants to 600MW and extend its economic life by around 20 to 25 years. “Units 1 and 2 have been running for 33 years and 21 years, respectively. We are upgrading the equipment to get the reliability, performance and efficiency needed to support our continuing commercial requirements,” said SMPC President and COO Victor A. Consunji. Initial equipment upgrades such as boiler modifications beginning late 2016 have already increased the generation capacity of Unit 1 from 220MW to 270MW. Meanwhile, Unit 2 is scheduled for boiler refurbishing and electric precipitator (EP) expansion from December 2017 to March 2018. The EP, a filtration device that can remove 99 percent of hazardous air pollutants, uses static electricity to filter soot and ash from exhaust fumes before exiting smokestacks. By 2019, a new generator and turbine will also be installed to prolong the plants’ economic viability. SMPC is the only power producer in the country that owns and mines its own fuel source, allowing it to generate affordable baseload power for the Luzon and Visayas grids.
Other Relevant Information
None.