INDEPENDENT power producer TeaM Energy Corp. said it has been allowed by the National Power Corp. (Napocor) to trade its surplus output of 253 megawatts (MW) at the Wholesale Electricity Spot Market (WESM).

“We have an excess capacity of 218 MW from Sual and 35 MW from the Pagbilao, and we have reached agreement with Napocor that while we’re trying to get bilateral contracts, we should be allowed to trade at the WESM. And Napocor has given us the green light—and we’re now sourcing for our own coal supply for the excess capacity,” Federico E. Puno, TeaM Energy president and chief executive, told reporters.

Puno said his company contracted capacity of 1,000 MW for Sual and 700 MW for the Pagbilao with Napocor, which is also responsible for sourcing for its coal supply.  

Puno added that what his company will be sourcing for is the 35 MW in Pagbilao and the 218 MW in Sual.

In terms of our ability to trade in the WESM, Puno admitted that there are still some transmission-line constraints that they have to hurdle.

“Right now we’re still waiting for Transco’s [National Transmission Corp.] San Manuel-Concepcion-Mexico transmission line, which is undergoing construction. The line is already completed up to Concepcion so they are working on the Concepcion to Mexico line, and Transco targets to have it done by August,” Puno said.

TeaM Energy was established by CrimsonPower Holdings Co. Inc. to continue doing its part in providing a stable electricity supply to the country through long-term electricity purchase and fuel-supply contracts with Napocor, and to provide approximately 20 percent of the generating capacity in the Luzon region, including Manila.

CrimsonPower Holdings Co. Inc. is the consortium formed by Tokyo Electric Power Co. Inc. and Marubeni Corp. to acquire Mirant Asia-Pacific Ltd.’s shares for $3.4 billion.

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INDEPENDENT power producer TeaM Energy Corp. said it has been allowed by the National Power Corp. (Napocor) to trade its surplus output of 253 megawatts (MW) at the Wholesale Electricity Spot Market (WESM).