PetroEnergy Resources Corp., the parent firm of PGEC, disclosed the transaction to the stock exchange but did not provide further details.
PGEC also holds interests in the 32-MW Maibarara geothermal power project in Batangas, the 36-MW Nabas-1 wind power plant in Aklan and the 70-MW Tarlac solar project in Tarlac City. PGEC is studying the development of up to 4,000 MW of offshore wind power projects based on data from the DOE.
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