News

PHINMA Energy to develop 45-MW solar plant

July 2017

PHINMA Energy Corp. said Tuesday it plans to develop a 45-megawatt solar power plant in Bugallon, Pangasinan that will further diversify the company’s portfolio.

Phinma Energy said in a disclosure to the stock exchange it received a service contract from the Energy Department granting it exclusive right to explore, develop and utilize the solar energy resource in a 648-hectare area in Bugallon town, Pangasinan.

“Bugallon is our first venture into solar energy, and this service contract is in time for the opportunities created by the Renewable Portfolio Standards,” said Phinma Energy president and chief executive Francisco Viray.

Pre-development activities such as yield assessment, environmental impact study and system impact study are underway and are expected to be completed within the year, the company said.

Phinma Energy hopes to construct a 45-MW solar plant in the service contract area which carries a 25-year term, extendable for another 25 years.

Read more at: http://manilastandard.ph/mobile/article/241120

 

PHINMA Energy firming up 45-MW solar project

Publicly listed PHINMA Energy Corporation casts on blueprint a 45-megawatt solar farm installation that it targets to advance into commercial development following the enforcement of the renewable portfolio standards (RPS) Read More

 

PHINMA Petroleum may complete geothermal deal this year

June 2017

MANILA, Philippines – Newly renamed PHINMA Petroleum and Geothermal Inc. (PPGI) is hopeful of closing a geothermal project deal within the year. The company has been looking at geothermal projects Read More

 

PHINMA Energy’s CSR programs cited

June 2017

PHINMA Energy’s corporate social responsibility program received two Asia Responsible Entrepreneurship Awards (AREA) in a ceremony held in Bangkok, Thailand. AREA recognizes and honors Asian businesses for championing sustainable and Read More