SOUTH Luzon Thermal Energy Corp. (SLTEC) has launched the commercial operation of Unit lof its 270-megawatt (MW) coal-fired power plant in Calaca, Batangas last Friday.
SLTEC, which is a joint venture of Trans-Asia Oil and Energy Dev. Corp and AC Energy Holdings, the power arm of Phinma Corp, said Trans-Asia would purchase the output of the 135-megawatt coal-fired plant under a 15-year power purchase agreement.
