Maibarara Geothermal wins ASEAN Best Renewable Energy Award 2017
The 20 MW geothermal plant by Maibarara Geothermal, Inc. (MGI) has been recognised in the ASEAN Energy Awards 2017 as the Best Renewable Energy Project in the National Grid Category, the only project from the Philippines to win an award.
In a release to the Philippines Stock Exchange today, PetroEnergy Resources Corporation announces that it has been 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 35th 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 50th 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.
Picture note: MGI President F.G. Delfin Jr. (center in barong) received the ASEAN Energy Awards for Best Renewable Energy Project/National Grid Category, during the 35th ASEAN Ministers on Energy Meeting, September 27, 2017 at SMX Convention Center, Pasay City, Philippines
Source: Release to Philippines Stock Exchange