By Alena Mae S. Flores Posted on Nov. 10, 2012 at 12:00am
Trans-Asia Oil and Energy Development Corp., a unit of the Phinma Group, plans to build a 135-megawatt coal plant in Mindanao to ease the power supply gap in the region, a company official said.
Trans-Asia president Francisco Viray told reporters the company expected to make the final investment decision on the Mindanao coal project by the first semester of 2013.
“By that time, we should have a partner for the Mindanao coal project,” Viray said, adding Trans-Asia had not finalized the project site.
He said the company was looking closely at the power demand in Mindanao amid the declining output of hydropower plants.
“The installed capacity of the hydros will not be recovered… That’s an opportunity for us,” Viray said.
Trans-Asia booked a net income of P347.8 million in the first nine months, up 47 percent from P236.3 million on year. source
No comments:
Post a Comment