By Danessa Rivera (The
Philippine Star) | Updated May 16, 2016 - 12:00am
MANILA, Philippines – Trans-Asia Oil
and Energy Development Corp. has inked a long-term back-up power supply deal
with an electric cooperative in Guimaras that is seen to result in lower
electricity tariff in the area.
Trans-Asia and Guimaras Electric
Cooperative Inc. (GUIMELCO) entered into a contract for the sale of electricity
for back-up power requirements.
Both parties decided to renew their
deal after their earlier supply agreement expired recently.
Under the deal, Trans-Asia will
provide back up power for 10 years, which will be sourced from its 3.4-megawatt
(MW) bunker C-fired diesel power plant in Jordan, Guimaras.
Trans-Asia and GUIMELCO are jointly
seeking clearance for the CSE from the Energy Regulatory Commission.
Both parties said the renewal of
agreement will “address GUIMELCO’s power supply reliability and voltage quality
needs which would result to improved stability, ensure adequacy and reliability
of the supply of electricity to the residents and consumers in its franchise
areas.”
The deal will also reduce the
cooperative’s “overall system cost” by providing efficient back-up power.
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