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MGI’s Sto. Tomas plant begins exporting power to Luzon grid

2018-03-12 bworldonline
THE SECOND UNIT of Maibarara Geothermal, Inc. (MGI) has started exporting power to the Luzon grid on Friday, its listed parent firm told the stock exchange.

PetroEnergy completes stock rights offer

2018-01-29 philstar
MANILA, Philippines — PetroEnergy Resources Corp. (PERC) of the Yuchengco Group has successfully completed its stock rights offer, raising around P758.3 million to expand its renewable energy business. (5-0)

Maibarara geothermal plant nears commercial operations

2017-12-08 philstar
MANILA, Philippines — The 12-megawatt geothermal plant of Maibarara Geothermal Inc. (MGI) nears commercial operations after securing spot market and grid connection requirements. (4-0)

PetroEnergy’s geothermal project cleared for WESM

2017-12-08 bworldonline
PETROENERGY Resources Corp. on Friday said its geothermal power unit had secured approval to participate in the wholesale electricity spot market (WESM), paving the way for its commercial operation. (4-0)

Maibarara capacity buildup on track to December schedule

Maibarara Geothermal Inc. (MGI) said the addition of 12 megawatts of generating capacity to its 20-MW facility in Batangas was on track to the planned start of commercial operation in December 2017. (7-1)

Commercial operations of Maibarara-2 to start in Dec.

2017-10-30 bworldonline
MAIBARARA Geothermal, Inc. (MGI) targets to start the commercial operation of the 12-megawatt (MW) expansion of its geothermal power station in Sto. Tomas, Batangas by December 2017, the company said on Monday. (7-0)

PetroEnergy income up 180%

PetroEnergy Resources Corp. (PERC) said on Thursday its consolidated first semester net income surged 180 percent to $6.55 million this year from $2.34 million last year.

PetroEnergy profit nearly triples in H1

2017-08-17 philstar
MANILA, Philippines - Net earnings of PetroEnergy Resources Corp. (PERC) surged in the first six months of 2017 on strong contributions from its renewable energy projects and improved oil sales.

PetroEnergy secures permits for Palawan solar power project

2017-07-31 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) has secured the necessary environmental clearances to pursue its proposed 10-megawatt (MW) solar project in Puerto Princesa.

PetroEnergy plans P1-B stock rights offer

2017-07-27 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) of the Yuchengco Group is looking to raise P1 billion through a stocks right offer to partly finance plans to double its renewable energy capacity in two years.

PetroEnergy to raise P1B through new shares

Oil exploration, mining and energy group PetroEnergy Resources Corp. (PERC) plans to raise as much as P1 billion to fund renewable energy projects and other investments by selling new shares to existing shareholders.

PetroEnergy sees 33% more profit on shift to renewables

2017-07-26 philstar
MANILA, Philippines -  PetroEnergy Resources Corp. (PERC) expects its profit to grow by about 33 percent this year on higher electricity sales as it shifts from oil and gas exploration to renewable energy production, company officials said yesterday.

PetroEnergy takes in new Thai partner

2017-05-17 philstar
MANILA, Philippines -  PetroEnergy Resources Corp. (PERC) has taken in BCPG Public Co. Ltd. (BCPG) as its new partner in the 36-megawatt (MW) Nabas-1 Wind Power Project (NWPP), the Thai firm’s first investment in the Philippines.

PetroEnergy income surges 4-fold in Q1

2017-05-14 philstar
MANILA, Philippines - Higher electricity sales coupled with improved oil revenues pushed up PetroEnergy Resources Corp. (PERC)’s first quarter earnings.

PetroEnergy marks income turnaround

2016-11-19 philstar
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) reported a net income of $1.13 million in the nine months to September this year on the back of higher energy sales.