by Alena Mae S. Flores, 04 May 2015
from Manila Standard Today
Trans-Asia Oil and Energy Development Corp. said Monday it signed a contract on April 30 to sell electricity to Manila Water Company Inc.
Trans-Asia said in a disclosure the contract “covers the supply of electricity by Trans-Asia of all the electricity requirements of Manila Water’s Balara Pumping Station, San Juan Pumping Station, Kingsville Pumping Station, Siruna Pumping Station and Fort Bonifacio Pumping Station for a period of two years beginning June 26, 2015.”
Trans-Asia president Francisco Viray told reporters the company would supply power to Manila Water partly from South Luzon Thermal Energy Corp. and other power generating facilities.
South Luzon, a joint venture of Trans-Asia and AC Energy Holdings Inc. of the Ayala Group, recently reached commercial operations on the first unit of the 270-megawatt coal fired power plant in Calaca, Batangas province.
Trans-Asia will purchase all the generated output of SLTEC through a 15-year power purchase agreement.
The first phase covering 135 MW of the coal power project is estimated to cost P12.9 billion project. The second phase, which involves another 135 MW in the same area, is estimated to cost P9.6 billion.
South Luzon is speeding up the development of its coal project in Batangas, buoyed by the strength of the Philippine economy and the growth in electricity demand.
The South Luzon consortium earlier awarded the engineering, procurement and construction contract for the first phase of the coal plant to DM Consunji Inc.
The coal plant, located at Barangay Puting Bato West, Calaca, Batangas, will utilize coal from Semirara Mining and Power Corp. and Indonesian suppliers.
Trans-Asia has invested heavily in the power sector. Trans-Asia Renewable Energy Corp., a unit of Trans-Asia Oil and Energy Development Corp., said it fully completed and commissioned all 27 wind towers of the San Lorenzo wind farm project in Guimaras province in December last year.
The project now contributes 54 megawatts of clean and renewable power to the grid. The wind farm started delivering power to the grid as early as Oct. 7 last year.
Trans-Asia Renewable invested P6.5 billion in the project, the largest investment in Guimaras. The investment included upgrading Guimaras’ grid connection and a P570-million world-class submarine cable connecting Guimaras to Panay island.