Philippines’ based Trans-Asia Oil is changing its name to Phinma Energy Corp. to reflect the group’s brand in the power business.
The company is developing the integrated 20-MW geothermal project in Sto. Tomas, Batangas with Yuchengco Group and the Philippine National Oil Co.
The company’s projects also include the expansion of the 20-MW geothermal plant by Maibarara Geothermal Inc. (MGI) by another 10 MW. It is expected to be online by the first quarter of 2017.
Aside from energy and education, the Phinma Group is also into hotels, real estate, consultancy and steel products.
Source: Phil Star