to operate the very first natural gas facility in the country- the San Antonio Gas Power Plant within SC 37 before joining the Malampaya consortium (SC 38) in 1999 with a 10% stake. Malampaya is the country’s single biggest investment of its kind. PNOC EC also holds six (6) Coal Operating Contracts (COCs), namely: COC 41 (Malangas), COC 122 (Isabela), COC 141 (Isabela), COC 184 (Agusan del Sur), COC 185 (Zamboanga Sibugay) and COC 186 (Zamboanga Sibugay). As part of its coal business, the company also trades coal from other sources through its two (2) coal terminals located in Malangas and Cebu. PNOC Renewables Corporation PNOC Renewables Corporation (PNOC RC) is a fully owned subsidiary of state-owned Philippine National Oil Company (PNOC). Organized on March 7, 2008, it is the newest PNOC subsidiary. PNOC RC will be the primary vehicle of PNOC in promoting, developing and implementing new and renewable energy sources in the country. Through renewable energy, the country would be able to reduce its dependence on imported oil, while mitigating climate change. Renewable energy is an important component in the country's drive towards energy self-sufficiency, security and independence. Renewable energy projects include Hydropower Projects, Wind Project, Biomass and/or Waste to Energy Projects, Solar Electrification Projects, Geothermal Projects See also Petron Corporation References External links Philippine National Oil Company Official Website PNOC Exploration Corporation Official Website PNOC Alternative Fuels Corporation Official Website PNOC Development and Management Corporation Official Website PNOC Renewables Corporation Official Website Oil and gas companies of the Philippines Ph Government-owned and controlled corporations of the Philippines Non-renewable resource companies established in 1973 Companies based in Taguig Philippine brands Department of Energy (Philippines) Philippine companies established in 1973 Establishments by Philippine presidential decree