TAREC Receives FIT Certificate of Compliance

Makati—(PHStocks)—Trans-Asia Renewable Energy Corp. (TAREC), a fully-owned subsidiary of Trans-Asia Oil and Energy Corp. (PSE: TA) received today from the Energy Regulatory Commission (ERC) Certificate of Compliance (COC) No. 15-12-M-00029V for its 54 MW San Lorenzo Wind Farm Project.

The COC entitles TAREC to the Feed-In Tariff rate of PhP7.40 from December 27, 2014 until December 26, 2034 by virtue of ERC Resolution No. 14, series of 2015 (Resolution Adopting the Wind Feed-In Tariff (WIND-FIT 2) Rate).

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