Trans-Asia Oil and Energy Development Corporation is an integrated power solutions company engaged in resource development, and power generation and electricity supply. The Company's main businesses are power generation and electricity supply. It has a combined capacity of almost 500 megawatts from its own power plants and partnership ventures. It also purchases the capacity of other power generat
ion facilities to meet the demands of its customers. It sells electricity through bilateral contracts and through the Wholesale Electricity Spot Market (WESM). Trans-Asia is a pioneer in electricity supply and trading in the WESM, and has been a licensed Retail Electricity Supplier (RES) since 2006. As a RES, the company can participate in the Retail Competition and Open Access (RCOA) and serve the needs of contestable customers and electric cooperatives through its customized power solutions. Trans-Asia has interests in various exploration service contracts granted by the Philippine Government to private parties to give them exclusive rights to undertake energy resource exploration, development and production activities over certain areas. In the event of commercial production, the private parties receive a share of proceeds to recover their investments and general profit. To date, the company maintains four oil & gas service contracts (SC 55, 69, 51, 6) and interests in SC 50 & SC 52. It also maintains eight wind energy service contracts, three hydropower service contracts, and one geothermal energy service contract. HELP EARTH, Trans-Asia's internationally-recognized CSR program, engages the communities where it operates with advocacies focused on education for youth empowerment, environmental stewardship, livelihood development and enterprise sustainability, and community welfare and resiliency.
