TEAM ENERGY CORP

Company Introduction for TEAM ENERGY CORP

Company Type: Factory (Power Generator)

TEAM ENERGY CORP is a leading independent power producer (IPP) in the Philippines. It is primarily involved in the generation and sale of electricity, operating large-scale power plants. Therefore, it functions as a factory or producer of electrical energy, rather than a trader of existing energy.

Key Activities and Assets:

TEAM ENERGY CORP manages and operates two of the largest coal-fired power plants in the Philippines:

1. The Sual Power Station in Pangasinan, with a capacity of 1,294 megawatts (MW).

2. The Pagbilao Power Station in Quezon, with a capacity of 735 MW.

These facilities are crucial contributors to the Philippines' power grid, providing reliable and essential electricity supply to various regions.

Ownership and Partnerships:

TEAM ENERGY CORP is a joint venture between two major Japanese companies:

1. Marubeni Corporation

2. Tokyo Electric Power Company (TEPCO) Power Grid, Inc. (formerly TEPCO)

Through its operations, TEAM ENERGY CORP plays a significant role in supporting the energy needs and economic development of the Philippines.

Team Energy Corp. primarily produces and sells electricity. Their operations encompass power generation from various sources, including coal-fired power plants and gas-fired power plants, contributing to the Philippine national grid.