April 27, 2017 8:42 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of PHINMA Energy Corporation

Company Overview

PHINMA Energy Corporation engages in the power generation and supply; and oil and mineral exploration, development, and production activities in the Philippines. It operates in two segments, Power and Petroleum. The company operates and maintains a 54 megawatt (MW) wind farm in San Lorenzo, Guimaras; 21 MW oil fired power plant in La Union; 52 MW power generation plant, including the related facilities, and machinery and equipment in Bulacan; and 116-megawatt diesel power plant in Subic Bay Freeport zone, as well as trades in electricity in the wholesale electricity spot market. It has strategic partnerships with Ayala Corporation and PetroGreen Resources Corporation. The company was formerl...

Phinma Plaza

Level 11

39 Plaza Drive

Rockwell Center

Makati,  1200

Philippines

Founded in 1969

292 Employees

Phone:

63 2 870 0100

Fax:

63 2 870 0448

Key Executives for PHINMA Energy Corporation

PHINMA Energy Corporation does not have any Key Executives recorded.

PHINMA Energy Corporation Key Developments

PHINMA Energy Corporation Announces Consolidated Earnings Results for the Year 2016

PHINMA Energy Corporation announced consolidated earnings results for the year 2016. For the year, the company posted a 53% increase in consolidated net income last year to PHP 1.383 billion. The income surge, from PHP 906 million in 2015, came as electricity sales volume climbed by 33% to 2,947 gigawatt-hours (GWh) while revenue from the sale of electricity rose by 15% to PHP 15.5 billion. The operation of SLTEC's second unit resulted in the unit net income increase to PHP 1.7 billion, half of which was equitized by the company. Total equity in net earnings from associates increased to PHP 886 million, more than double the previous year PHP 372 million.

PHINMA Energy Corporation, Annual General Meeting, Apr 10, 2017

PHINMA Energy Corporation, Annual General Meeting, Apr 10, 2017, at 14:30 Singapore Standard Time. Location: Manila Peninsula Hotel Makati Philippines Agenda: To consider the minutes of the previous meeting; to consider the annual report of management and confirmation of all acts of the board of directors and of Management since the last AGM; to consider the election of directors; to consider the appointment of external auditors; to consider other matters; and to consider the adjournment.

PHINMA Energy Corporation, Board Meeting, Jan 30, 2017

PHINMA Energy Corporation, Board Meeting, Jan 30, 2017.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2016
South Luzon Thermal Energy Corp.
 

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