News

TCC- CDE Terminate Contract
After almost twelve years of fulfilling the contractual terms, commitments and uninterrupted services, on early September 2001, TCC decided to terminate the existing Power Purchase Agreement signed on 1989 with, all this process was handled in a friendly way and by mutual agreement. Is important to mention that during that time TCC never shutdown their plants due to lack of payment. TCC enters Spot Market as Merchant
At the same time, TCC applied with the Electric Superintendence (Superintendencia de Electricidad) for the classification of both barges (Estrella del Norte and Estrella del Mar) as merchant plants. This action is an example of Seaboard's commitment to its market and to operate with both barges as merchant plants. After the approval of this application TCC is selling the power produced by its plants to the Spot market and seeking opportunities to sell to the large users, keeping one of the lowest and competitive rates in the electric sector. TCC and the Non Regulated Users market:
TCC started selling power to CDH (Carrefour) delivered directly to their
own 69kv Substation, contracted capacity: 2MW
TCC enters Spot Market as Merchant
At the same time, TCC applied with the Electric Superintendence (Superintendencia de Electricidad) for the classification of both barges (Estrella del Norte and Estrella del Mar) as merchant plants. This action is an example of Seaboard's commitment to its market and to operate with both barges as merchant plants. After the approval of this application TCC is selling the power produced by its plants to the Spot market and seeking opportunities to sell to the large users, keeping one of the lowest and competitive rates in the electric sector.