LISTED Trans-Asia Oil and Energy Development Corp. has acquired three power barges from the state power assets privatization agency for P420 million, beefing up its power generation portfolio by an additional 96 megawatts (MW).
In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Trans-Asia said the three assets are power barges 101, 102, and 103, each with a capacity of 32 MW, which it acquired from state-run Power Sector Assets and Liabilities Management Corp. (PSALM).
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