July 26, 2017 6:18 PM ET

Electric Utilities

Company Overview of Maibarara Geothermal, Inc.

Company Overview

Maibarara Geothermal, Inc. is a developer, owner, and operator of a geothermal power facility in Sto Tomas, Batangas. The company was founded in 2010 and is based in Pasig City, the Philippines. Maibarara Geothermal, Inc. operates as a subsidiary of Petrogreen Energy Corp.

7th Floor

JMT Building

ADB Ave.

Ortigas Center

Pasig City,  1605

Philippines

Founded in 2010

Key Executives for Maibarara Geothermal, Inc.

President and Director
Age: 55
Head of Geosciences
Age: 43
Head of Environmental & Community Relations
Head of Purchasing & Logistics
Treasurer
Age: 59
Compensation as of Fiscal Year 2017.

Maibarara Geothermal, Inc. Key Developments

Maibarara Geothermal, Inc. to Expand at Least 8 Megawatts in its Sto. Tomas, Batangas Geothermal Energy Facility

Maibarara Geothermal, Inc. has at least 8 megawatts (MW) more to expand in its Sto. Tomas, Batangas geothermal energy facility after it completes the second phase of the project, possibly bringing its installed capacity in the area to about 40 MW. This year’s expansion comes two years after the 20-MW first phase started operating commercially in 2014. The company monitored the reservoir - the hot water and steam underneath that becomes the source of fuel - and decided to test for additional capacity.

Department of Energy Issues Confirmation of Commerciality to Maibarara Geothermal Expansion Project

Maibarara Geothermal, Inc. announced that the Department of Energy has issued a Confirmation of Commerciality to MGI's 12 MW expansion project. The project involves the installation of a new 12 MW unit adjacent to the existing 20 MW power station. Commercial operation is expected in third quarter of 2017.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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