South Luzon Thermal Energy Corp. (SLTEC) has secured approval from the Department of Energy (DOE) to conduct a grid impact study for the planned expansion of its 270-megawatt (MW) coal-fired power plant in Calaca, Batangas.
Based on data from the DOE, SLTEC plans to expand the Calaca power plant by putting up another 600-MW facility.
SLTEC is the 50-50 joint venture of Trans-Asia Oil and Energy Development Corporation of the PHINMA Group and AC Energy Holdings Inc. of the Ayala Group of Companies.
SLTEC is currently operating the first 135-MW unit of the Calaca coal-fired power plant.
The first unit operates as a base load plant and the entire capacity is sold to Trans-Asia through a 15-year power purchase agreement (PPA).
The second 135-MW unit is currently under construction and is expected to be completed by the end of the year.
Trans-Asia, a respected player in oil and gas exploration, is now a fully diversified enterprise engaged in power generation through SLTEC, Thermal Energy Corporation, Trans-Asia Power Generation Corporation, and CIP II Power Corp.
It is also involved in renewable energy development via Trans-Asia Renewable Energy Corp. and Maibarara Geothermal, Inc. as well as in electricity supply as a licensed retail electricity supplier (RES) and licensed wholesale aggregator (WA).
Meanwhile, AC Energy continues to build a diversified portfolio of conventional and renewable power generation assets through acquisitions and the development of greenfield projects.