Profile: PHI Group Inc (PHIL.PK)
PHI Group, Inc., formerly Providential Holdings, Inc., incorporated on June 8, 1982, is engaged in energy and natural resources. The Company focuses on the acquisition of energy-related assets and other natural resources, partnering with other companies to develop energy projects in select geographical areas, and provide renewable energy solutions, including bio-mass, wind, solar power and other technologies. The Company invests in and/or develops energy assets, independent power plant projects, renewable energy and industrial minerals. The Company also provides corporate finance services, including merger and acquisition advisory and consulting services, and arranges capital for client companies through its subsidiary, PHI Capital Holdings, Inc. In addition, the Company also participates in international trade activity.
The Company has interests in properties located in Indonesia, Malaysia and the United States. The Company has an agreement to acquire an around 6,200 hectares coal concession in Kabupaten Kapuas, Central Kalimantan, Indonesia with estimated deposits of around 33 to 55 million tons. The Company has an agreement to co-develop approximately two 225 megawatts thermal power plants in East Kalimantan, two 50 megawatts thermal power plants in North Sulawesi, two 50 megawatts thermal power plants in Nusa Tenggara Timur; set up around 1,000 electricity transmission towers, in addition to communications towers, across Indonesia, and engage in mining joint-operation to supply coals to Indonesian domestic and export customers. The Company has an agreement to acquire interest in approximately three Izin Usaha Pertambangan (IUP) Operasi Produksi coal mining licenses, port license and a jetty. The Company, through Cornerstone Biomass Corp., operates around 200,000 million tons wood pellet plant in Live Oak, Suwannee County, Florida.
PHI Group Inc
5348 Vegas Dr
LAS VEGAS NV 89108-2347