PetroEnergy Resources Corporation (PERC) is a publicly listed Philippine energy company under the reputable Yuchengco Group of Companies (YGC). PERC was founded in 1994 to undertake upstream oil exploration and development. Since then, it has diversified into renewable energy and power generation (business evolution). It continues to value its long-held business philosophy: careful selection of projects through rigorous technical analysis, partnership with credible industry players, and risk reduction through limited capital exposure. PetroEnergy, through its renewable energy arm, PetroGreen Energy Corporation (PGEC), has investments in the following joint venture companies : PetroSolar Corporation, PetroWind Energy Inc., and Maibarara Geothermal Incoporated.
PetroGreen Energy Corporation (PGEC) is a 90%-owned subsidiary of PERC. It was incorporated on March 31, 2010 to undertake PERC’s renewable energy projects. Currently, PGEC holds 65% interest in the 20 MW Maibarara Geothermal Power Project (MGPP), 40% stake in the 50 MW Nabas Wind Power Project, and 56% interest in the 50 MW Tarlac Solar Power Project.
PetroSolar Corporation (PSC) is a 56%-owned subsidiary of PetroGreen Energy Corporation. On March 25, 2015, PSC signed the service contract with the DOE to develop and operate the 50 MW Tarlac Solar Power Project (TSPP) in Tarlac. The power facility was was commissioned in January 2016.
PetroWind Energy Inc. (PWEI) was incorporated on March 6, 2013. It formed a joint venture corporation among PGEC (40%), CapAsia Wind Holdings Cooperatief U.A. (40%), and EEI Power Corporation (20%) to develop and operate the 50 MW Nabas Wind Power Project (NWPP) in Nabas-Malay, Aklan. The first phase (36 MW) of the wind farm was commissioned in June 2015. The second phase (14 MW) is still on pre-development phase.
Maibarara Geothermal Inc. (MGI) is a joint venture corporation among PGEC (65%), PHINMA Energy (25%), and PNOC Renewable Corporation (10%). MGI developed and now operates the 20 MW Maibarara Geothermal Power Project (MGPP) located in Sto. Tomas, Batangas. MGPP was commissioned in 2011 and has sustained an efficient and profitable operations.
To grow into one of the most profitable publicly-listed energy companies in the Philippines through judicious investments in conventional and renewable energy exploration, development and generation.
Engage in strategic initiatives that contribute to meeting people’s energy needs by using our technical capabilities and industry expertise;
Provide optimum value for our shareholders;
Develop and retain highly motivated employees; and
Uplift the communities where we operate through socially and environmentally responsible operation.
We uphold moral integrity and honesty in our commitments.
We believe in the importance of cultivating our expertise and delivering results.
Passion for Growth and Sustainability
We commit to professionalism and maintaining our drive to achieve our vision and mission.