The Asian Power Awards, now on its 12th yr, is taken into consideration the Oscars of the power enterprise in Asia, recognizing ground-breaking tasks and trailblazing projects within the power zone.
The Maibarara-1 facility in Sto. Tomas, Batangas is owned and operated with the aid of Maibarara Geothermal Inc. (MGI), a joint project among PetroGreen Energy Corporation (PGEC) with 65 percent), Phinma Energy (with 25 percentage), and PNOC-Renewables Corporation (10 percent).
PGEC is a subsidiary of publicly-indexed PetroEnergy Resources Corporation.
In a disclosure to the Philippine Stock Exchange (PSE) on Monday, MGI said the award recognizes Maibarara-1’s modern development, effective operations, and dynamism within the discipline of geothermal strength.
Building on its a hit below-finances crowning glory in February 2014 only 2.5 years from monetary close, MGI has sustained two years of profitable industrial operations.
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