April 23, 2018 11:38 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


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
Age: 59
Compensation as of Fiscal Year 2017.

Maibarara Geothermal, Inc. Key Developments

Maibarara Geothermal, Inc. Secures Certificate of Compliance from Energy Regulatory Commission

The certificate of compliance (COC) for the 12 MW Maibarara-2 power station in Sto. Tomas, Batangas, the second geothermal facility of Maibarara Geothermal, Inc. (MGI), was approved by the Energy Regulatory Commission (ERC) on April 16, 2018.

Maibarara Geothermal, Inc.'s Maibarara-2 Starts Exporting Power to the Luzon Grid

Maibarara Geothermal, Inc.'s 12-MW Maibarara Geothermal Power Plant-2 (M2) was successfully synchronized to the Luzon grid on March 9, 2018. The facility located, in Sto. Tomas, Batangas, is the second geothermal unit of Maibarara Geothermal, Inc. (MGI). MGI is a joint venture of PetroGreen Energy Corporation (PGEC, 65%), PHINMA Energy Corporation (25%), and PNOC Renewables Corporation (PNOC-RC, 10%).

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.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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