SM’s geothermal unit wins contract auction

MANILA, Philippines – Philippine Geothermal Production Co. Inc. (PGPC), a unit of the Sy family’s SM Investments Corp., emerged as one of the winning bidders in the government’s fifth round of open and competitive selection process (OCSCP-5) for renewable energy projects. Based on OCSP-5 results posted by the Department of Energy (DOE), PGPC won the