Tuesday, August 23, 2016

Philippines: Name Change for Geothermal Energy Company

Phinma Energy name change approved by SEC (BusinessWorld Online Edition)

Phinma Energy Corp. said on Tuesday that it obtained regulatory approval to change its name from Trans-Asia Oil and Energy Development Corp. to Phinma Energy to better reflect its current activities.

The listed company received the approval on Aug. 22, 2016 from the Securities and Exchange Commission (SEC) or about four months after its majority shareholders approved the change in name during the annual meeting on April 12, 2016.

Trans-Asia has partnered with Petrogreen Energy Corp. and PNOC Renewables Corp. in the 20 MW Maibarara Geothermal Inc. consortium, whose expansion will deliver an additional 12 MW of power by next year. The company has a 25% stake in the geothermal project.