Manila Standard Today
By Alena Mae S. Flores | Jul. 11, 2014 at 12:01am
The Energy Department awarded three hydropower service contracts totaling 320 megawatts to Trans-Asia Oil and Energy Development Corp., a unit of the Phinma Group.
The three service contracts cover areas in Pililia, Rizal (300 MW), Ilagan, Isabela (10 MW) and Buguias, Benguet (10 MW), the company disclosed Thursday.
All the contracts provide for a two-year pre-development stage in which Trans-Asia will evaluate the commercial feasibility of the projects.
Upon declaration of commerciality, each project will proceed to the development stage which is valid for 25 years.
“We’re looking at all opportunities, and its [hydro] time has come in our plans,” Trans-Asia president Francisco Viray said earlier.
Trans-Asia earlier bared plans to double its generation capacity to 500 megawatts by 2016 from 250 MW.
The additional capacity will come from wind and coal, but the company is also looking at hydropower plants and natural gas.
The company hopes to complete the construction of the 54-MW San Lorenzo wind farm in Guimaras this year.
Trans-Asia, meanwhile, expects to complete the first phase (135 MW) of its 270-MW coal project in Calaca, Batangas by the end of the year. The second phase (135-MW) will be finished by the end of 2015.
The Calaca project, a joint venture with AC Energy Holdings Inc. of the Ayala Group, is expected to start full commercial operations in 2016.
Trans-Asia plans to put up a 415-MW combined cycle power plant at Pilipinas Shell Petroleum Co.’s Tabangao Refinery in Barangay San Isidro and Tabangao-Ambulong, Batangas City.
The company also owns a 25-percent stake in the 20-MW geothermal project of the Maibarara Geothermal Inc. in Sto. Tomas, Batangas which started commercial operations this year.
Trans-Asia owns a 21-MW diesel plant in La Union and a 3.4-MW diesel station in Guimaras. It also owns a 52-MW bunker plant in Bulacan. source
No comments:
Post a Comment