Latest Stories

P33B projects in Trans-Asia pipeline

Firm takes on more joint ventures with Ayala unit


Trans-Asia Oil and Energy Development Corp. is embarking on a series of power generation projects, collectively worth P33 billion, over the next five years to boost its generating capacity to as much 687 megawatts (MW).

During a stockholders’ meeting on Tuesday, Trans-Asia chief finance officer Roberto M. Laviña said that the company expects its equity share in four new power projects to reach roughly P5 billion—the reason why Trans-Asia on Tuesday sought the approval of its shareholders to raise the company’s capital stock to P8.4 billion.

Laviña revealed that the company is eyeing four new power generation projects, which include the second phase of its ongoing 135-megawatt coal-fired power project in Batangas. Trans-Asia is undertaking the project in partnership with the Ayala Group’s AC Energy Holdings.

Through the same joint-venture vehicle called South Luzon Thermal Energy Corp., Trans-Asia is looking to put up a second 135-MW unit in the area worth an estimated P9.6 billion.

According to company president Francisco Viray, Trans-Asia still does not have a timetable for the project, but the company aims to complete the second 135-MW unit in the next five years.

Another project is the proposed second phase of the 20-MW geothermal facility to be built on Mt. Makiling. Trans-Asia has a 25-percent interest in Maibarara Geothermal Inc., which is undertaking the said project. The second phase entails the construction of another 20-MW unit worth P3 billion in the vicinity.

The third project, according to Laviña, is the proposed 135-megawatt coal project in North Mindanao, which is expected to cost P13.7 billion.

Trans-Asia Oil has already begun pre-engineering and feasibility study to build a coal facility in northeastern Mindanao, similar to what is being built in Batangas. Should the company proceed with the project, the power plant could start operations by 2015 or 2016, Viray added.

The fourth project is the P6.5-billion 54-MW Guimaras wind farm. The move to proceed with the project, however, will hinge on the issuance of feed-in-tariff rates. The rates, which are yet to be issued by the Energy Regulatory Commission, will determine the economic viability of renewable energy projects and will assure developers of fixed cash flows over the next 20 years.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: company , electricity production and distribution , Energy , Investments , Philippines , power generation projects , Trans-Asia

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • 4.9 quake jolts Batanes on Maundy Thursday
  • Presidents, celebrities mourn writer Garcia Marquez
  • MH370 search to be most costly ever at $100 million — analysts
  • Iraqi guilty of beating wife to death in US
  • Avalanche sweeps Everest; 6 killed, 9 missing
  • Sports

  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Hopkins, 49, seeks win for the ageless
  • LeBron still No. 1 with NBA’s most popular jersey
  • Pacquiao back in PH, heads home to wife, kids
  • Lifestyle

  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Entertainment

  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Cannes film festival launches race for 2014 Palme d’Or
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Filipina Maryknoll sister honored for years of service
  • Malaysia quarantines 64 villagers over MERS virus
  • Marketplace