Two PetroEnergy Power Plants Get International Awards

September 28, 2017

Two power facilities of publicly-listed PetroEnergy Resources Corporation (PERC) were recently recognized by international and regional energy observers and experts.

On September 27, 2017, the 20 MW geothermal plant of Maibarara Geothermal, Inc. (MGI) in Sto. Tomas, Batangas was recognized in ASEAN Energy Awards 2017 as the Best Renewable Energy Project in the National Grid Category. The ASEAN Energy Awards, given since 2000 by the ASEAN Centre for Energy, recognize outstanding work for excellence, creativity, practicality and dedication in the energy sector. The awarding ceremony was held in conjunction with the 35 th ASEAN Ministers on Energy Meeting (AMEM) and the 2017 ASEAN Energy Business Forum in SMX Convention Center, Pasay City, Philippines.

MGI is the lone Philippine winner in the Renewable Energy category of the ASEAN Energy Awards 2017. MGI President F.G. Delfin Jr. declared, “The MGI team – our partners, board, management and employees – is honored as a Filipino company to be receiving this award, especially on the occasion of ASEAN’s 50 th anniversary and the Philippines’ chairmanship of ASEAN in 2017”. MGI is 65% owned by PetroGreen Energy Corporation (PGEC), 25% by PHINMA Energy Corporation, and 10% by PNOC Renewables Corporation. PGEC is the 90%-owned subsidiary and renewable energy business development and holding unit of PERC.

The 36 MW Nabas wind power facility in Aklan operated by PetroWind Energy Inc. (PWEI) won Asian Power Awards 2017 Environmental Upgrade of the Year for its innovative environmental protection program that simultaneously enhances the ecotourism value of the area while providing livelihood and skills development for its host communities. Now on its 13 th year, the Asian Power Awards is considered as the “Oscars of the power industry” recognizing ground-breaking and trailblazing projects in Asia’s power sector. The award was conferred by Asian Power Magazine last September 20, 2017 in Bangkok, Thailand. PWEI is 40% owned by PGEC, 40% by Thailand’s BCPG Company Ltd., (through BCPG Wind Cooferatief U.A.) and 20% by EEI Power Corporation.

“We are very proud that our efforts in developing renewable energy projects and ensuring that we positively impact the environment and our stakeholders are being recognized not only in the country but also in Asia,” said PERC’s President Milagros V. Reyes.