PHINMA Energy Corporation, formerly known as Trans-Asia Oil and Energy Development Corporation, is an integrated power solutions company engaged in power generation and electricity supply, renewable energy, and resource exploration and development.
It is the flagship energy arm of Philippine Investment Management, Inc. (PHINMA), and has been in the business for 47 years.
The Company’s main businesses are power generation and electricity supply. It has a combined capacity of almost 500 megawatts from its own power plants and partnership ventures. It also purchases the capacity of other power generation facilities to meet the demands of its customers. It sells electricity through bilateral contracts and through the Wholesale Electricity Spot Market (WESM).
PHINMA Energy is a pioneer in electricity supply and trading in the WESM, and has been a licensed Retail Electricity Supplier (RES) and Wholesale Aggregator since 2006. As a RES, the company can participate in the Retail Competition and Open Access (RCOA) and serve the needs of contestable customers and electric cooperatives through its customized power solutions.
PHINMA Energy also holds investments in various exploration service contracts granted by the Philippine Government to private parties to give them exclusive rights to undertake energy resource exploration, development and production activities over certain areas. In the event of commercial production, the private parties receive a share of proceeds to recover their investments and generate profit.
PHINMA Energy also engages the communities where it operates through CSR programs, with advocacies focused on education for youth empowerment, environmental stewardship, livelihood development and enterprise sustainability, and community welfare and resiliency.