By Myrna M. Velasco
Published: July 9, 2013
Power plant developer Trans-Asia Oil and Energy Development Corporation has signed a contract for the sale of electricity (CSE) with Batangas I Electric Cooperative (Batelec) which will then serve the latter’s electricity requirements.
According to Trans-Asia, the supply pact entails supply of around 26 megawatts for the electric cooperative’s power needs so it can efficiently deliver service to customers.
The deal which was signed July 4, 2013 stretch over five years from approval by the power industry’s regulator.
“The CSE is valid for 5 years from the issuance of the final or provisional authority from the Energy Regulatory Commission,” Trans-Asia has added.
The company has not specified though in its disclosure to the Philippine Stock Exchange (PSE) which power plant will supply the capacity committed to the Batangas electric cooperative.
It must be noted that the Phinma-affiliated company had entered into an arrangement with the DMCI power unit of the Consunji group for it to sell to off-takers or trade via the electricity spot market the capacity of the latter’s 600-MW Calaca coal fired plant.
So far, Batelec-1 had been considered a key portfolio in the power sales volume logged in recent years by the Consunji group.
Trans-Asia, however, will have another source of supply that it can dangle to interested buyers around 2014 to 2015 – courtesy of the power investments it has been pursuing with the Ayala conglomerate.
The first phase of 135MW coal plant will be brought on-line next year. The facility will be expanded by another 135MW, bringing the total capacity to 270MW around 2015.
Trans-Asia is considered the “crossover partner” of both the Ayala and Consunji groups for their power ventures in Batangas. source
According to Trans-Asia, the supply pact entails supply of around 26 megawatts for the electric cooperative’s power needs so it can efficiently deliver service to customers.
The deal which was signed July 4, 2013 stretch over five years from approval by the power industry’s regulator.
“The CSE is valid for 5 years from the issuance of the final or provisional authority from the Energy Regulatory Commission,” Trans-Asia has added.
The company has not specified though in its disclosure to the Philippine Stock Exchange (PSE) which power plant will supply the capacity committed to the Batangas electric cooperative.
It must be noted that the Phinma-affiliated company had entered into an arrangement with the DMCI power unit of the Consunji group for it to sell to off-takers or trade via the electricity spot market the capacity of the latter’s 600-MW Calaca coal fired plant.
So far, Batelec-1 had been considered a key portfolio in the power sales volume logged in recent years by the Consunji group.
Trans-Asia, however, will have another source of supply that it can dangle to interested buyers around 2014 to 2015 – courtesy of the power investments it has been pursuing with the Ayala conglomerate.
The first phase of 135MW coal plant will be brought on-line next year. The facility will be expanded by another 135MW, bringing the total capacity to 270MW around 2015.
Trans-Asia is considered the “crossover partner” of both the Ayala and Consunji groups for their power ventures in Batangas. source
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