THE JOINT VENTURE (JV) between Ayala Corp. and Trans-Asia Oil and Energy Development Corp. expects to complete the second of two units of its 270-megawatt (MW) coal facility by the end of the year, one of the parent firms said in a statement over the weekend.

South Luzon Thermal Energy Corp. (SLTEC) has formally inaugurated the first 135-MW unit in Calaca, Batangas just last June 5, more than a month after the facility started commercial operations.

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