LISTED energy firm Semirara Mining and Power Corp (SMPC) paid a total of P2.65 billion in royalties to the Department of Energy (DOE) for 2016, which was 47 percent higher than the P1.8 billion it paid in 2015.
Over P1 billion of the royalty payment will go to the local government units (LGUs) where SMPC operates. The Municipality of Caluya will get 45 percent, Barangay Semirara will get 35 percent, and Antique Province will get 20 percent.
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