April 18, 2018

PetroEnergy income reached $8.46 million last year

By Lenie Lectura – April 17, 2018 from Business Mirror PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher revenues. The company attributed the profit […]
December 6, 2017

PetroEnergy RE arm reaches power-generation milestone

By Lenie Lectura – December 4, 2017 from Business Mirror PETROGREEN Energy Corp. (PGEC), the renewable-energy (RE) arm of publicly listed PetroEnergy Resources Corp. (Perc), has already generated 1-billion kilowatt-hour (kWh) of electricity over the weekend. Perc announced on Monday that PGEC […]
November 2, 2017

MGI geothermal plant in Sto. Tomas, Batangas now producing 600 GWh

By Lenie Lectura – October 30, 2017 from Business Mirror MAIBARARA Geothermal Inc. (MGI) said on Monday its 20-megawatt (MW) unit-1 geothermal-power plant in Santo Tomas, Batangas, reached its 600-gigaWatt-hour (GWh) generation mark on October 25. This milestone was achieved three years and eight months […]
August 1, 2017

PetroEnergy unit gets permit for Palawan solar-power plant

By Lenie Lectura – July 31, 2017 from Business Mirror THE subsidiary of PetroEnergy Resources Corp. has secured environmental permits for its solar power project in Puerto Princesa. “The proposed 10-megawatt [MW] Puerto Princesa solar-power project of PetroGreen Energy Corp. [PGEC] secured two vital environmental […]