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 to withdraw lawsuit vs Psalm after Ippa deal terminated

January 2018

THE Power Sector Assets and Liabilities Management (PSALM) Corp. and PHINMA Energy Corp. have agreed to terminate the Independent Power Producer Administrators (Ippa) agreement for the 40-megawatt (MW) strip of energy Read More

 

PHINMA ends IPPA contract with PSALM

Listed firm PHINMA Energy Corporation has decided to “mutually terminate” its contract with state-run Power Sector Assets and Liabilities Management Corporation (PSALM) relating to its deal as Independent Power Producer Read More

 

PHINMA, PSALM end row over Leyte plant

PHINMA Energy Corp. said yesterday it had agreed with state-firm Power Sector Assets and Liabilities Management Corp. (Psalm) to mutually end their administration agreement related to the Unified Leyte Geothermal Read More