On February 23, 2010, the PetroEnergy Resources Corporation (PERC) Board approved the creation of a 100%-owned renewable energy (RE) and power subsidiary, PetroGreen Energy Corporation (“PetroGreen”) to carry-out its renewable energy projects.PetroGreen’s business objective is to expand PERC’s RE assets and revenues in the Philippines and elsewhere by partnering with reputable industry players to acquire and operate renewable energy projects safely, profitably, and responsibly.The SEC approved the incorporation of PetroGreen on March 31, 2010. PetroGreen’s authorized capital is Php200 million divided into 200 million shares with par value of Php1.00 per share, with subscribed shares of Php50 million and paid-up capital of Php12.5 million.
On February 23, 2010, the PetroEnergy Resources Corporation (PERC) Board approved the creation of a 100%-owned renewable energy (RE) and power subsidiary, PetroGreen Energy Corporation (“PetroGreen”) to carry-out its renewable energy projects.PetroGreen’s business objective is to expand PERC’s RE assets and revenues in the Philippines and elsewhere by partnering with reputable industry players to acquire and operate renewable energy projects safely, profitably, and responsibly.The SEC approved the incorporation of PetroGreen on March 31, 2010. PetroGreen’s authorized capital is Php200 million divided into 200 million shares with par value of Php1.00 per share, with subscribed shares of Php50 million and paid-up capital of Php12.5 million.
On February 23, 2010, the PetroEnergy Resources Corporation (PERC) Board approved the creation of a 100%-owned renewable energy (RE) and power subsidiary, PetroGreen Energy Corporation (“PetroGreen”) to carry-out its renewable energy projects.PetroGreen’s business objective is to expand PERC’s RE assets and revenues in the Philippines and elsewhere by partnering with reputable industry players to acquire and operate renewable energy projects safely, profitably, and responsibly.The SEC approved the incorporation of PetroGreen on March 31, 2010. PetroGreen’s authorized capital is Php200 million divided into 200 million shares with par value of Php1.00 per share, with subscribed shares of Php50 million and paid-up capital of Php12.5 million.