News

PHINMA mulling over off-grid solar projects

May 2018

Phinma Energy Corp., a unit of the Phinma Group, is exploring opportunities in off-grid solar applications as part of a diversification strategy.

Phinma Energy said the company would engage in solar power generation and develop retail products through subsidiary Phinma Solar Energy Corp., combining expertise in the energy and roofing business.

The company said first solar installations would be on Phinma Education Network’s Cagayan de Oro College and University of Pangasinan, the information center of the 54-megawatt San Lorenzo wind farm in Guimaras and Union Galvasteel Corp. in Calamba, Laguna.

Phinma Energy last year signed a 25-year solar energy service contract covering a 648-hectare area in Bugallon, Pangasinan for its 45-MW solar power project.

Phinma Energy is also looking at opportunities in LNG with its planned integrated 150-megawatt liquefied natural gas project in Cebu.

Phinma Energy president Francisco Viray said unit Phinma Petroleum and Geothermal Inc. has signed with three international companies on the pre-development of the project.

Read More At: http://thestandard.com.ph/business/power-technology/264566/phinma-mulling-over-off-grid-solar-projects.html

 

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