SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 20, 2016

2. SEC Identification Number

069039274

3. BIR Tax Identification No.

000506020

4. Exact name of issuer as specified in its charter

PHINMA Energy Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Level 11, Phinma Plaza, 39 Plaza Drive, Rockwell Center, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

632 8700 100

9. Former name or former address, if changed since last report

Trans-Asia Oil and Energy Development Corporation

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,885,897,908

11. Indicate the item numbers reported herein

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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PHINMA Energy CorporationPHEN

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PHINMA Energy sells 5% stake in SLTEC to Axia Power
Background/Description of the Disclosure
AC Energy, a wholly-owned subsidiary of Ayala Corporation, signed definitive documents to sell a 15% stake in South Luzon Thermal Energy Corporation (SLTEC) to Axia Power while PHINMA Energy also sold a 5% stake to Axia Power. The agreement brings PHINMA Energy’s ownership in SLTEC to 45%, and AC Energy's to 35%. SLTEC owns and operates a 2 X 135-MW thermal power plant in Calaca, Batangas. The plant operates as a baseload plant to meet the power demand in Luzon. John Eric T. Francia, President and CEO of AC Energy said, "We are delighted to have a new partner in SLTEC. Marubeni group has extensive experience in thermal power and this should further strengthen our joint venture. The partial sale also allows AC Energy to reinvest more aggressively in new projects as we pursue our 2020 goal of reaching 2000MW." According to Dr. Francisco L. Viray, President and CEO of PHINMA Energy, "The Marubeni group investment in SLTEC conveys strong validation of confidence in SLTEC's management team, as well as in the future prospects for reliable and efficient plant operations. PHINMA Energy will continue to offer SLTEC's full output, in line with the company's growth aspirations as a licensed Retail Electricity Supplier (RES)."
Other Relevant Information
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