Phinma Corp.’s expansion plans for its several businesses have been charted. These plans are “riding on the sustained high-growth trajectory of the Philippine economy”, as stated by the holding firm in a regulatory filing. Affiliate TA Oil is completing the three power barges’ rehabilitation with a 96-MW total capacity.
This year, TA Oil aims to finish the 12-MW expansion of Maibarara Geothermal, Inc. within the third quarter. In the future, the company has expressed plans of developing more coal, geothermal, and wind projects, which are in line with another plan to double the existing generation capacity over the next five years.
