Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Trans-Asia lands three hydropower service contracts in Luzon

Posted on July 10, 2014

MANILA, July 10 (PNA) — Trans-Asia Oil and Energy Development Corporation (TA) has landed three hydropower service contracts with a total supply capability of 320 Megawatts (MWs) located in Luzon.

Based on a disclosure with the Philippine Stock Exchange (PSE), Trans-Asia Oil and Energy Development Corporation has been awarded three hydropower service contracts by the Department of Energy (DOE) to utilize areas in Rizal, Isabela and Benguet.

Specifically, the hydropower service contract in Pililia, Rizal is estimated to have a generating power of 300 MWs, while the contract in Ilagan, Isabela is capable of producing 10 MWs. The contract in Banguias, Benguet lists an electrical capacity of 10 MWs.

Moreover, the disclosure stated that the contracts are given two years for the pre-development stage, in which Trans Asia will check the commercial feasibility of the projects.

If the projects are considered viable, it will proceed to the declaration of commerciality in which the three projects will continue to the development stage. The latter is given a period of 25 years to be implemented.

According to the renewable energy law of 2008, the pre-development stage comprises the preliminary assessment and profit checks up to the financial closing of the project while the development or commercial change is defined as the developmental, production or actual utilization of the energy resources. The latter is also involved in the construction and installation of facilities, including the operational stage of the project.

On the other hand, The University of the Philippines’ National Engineering Center (UPNEC) disclosed that the Luzon grid will need an additional 600 MW to be sustainable in 2015. With the 320 MW capable service contracts, more than half of the Luzon grid’s required new supply will be answered.

On May 13, Trans-Asia Power Generation Corporation, a full subsidiary of TA, announced the acquisition of the 200 million full shares of Udenna Energy Corporation on the One Subic Power Generation Corporation. Trans-Asia purchased the entire stocks of the company for Php489.1- billion.

Along with power generation and supply, Trans-Asia Oil and Energy Development Corporation is also engaged in petroleum exploration and production. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme