PHI Group, Inc., a Nevada corporation, was originally incorporated in 1982 as “JR Consulting, Inc.” to engage in management consulting and merger and acquisition activities. In January 2000 the company merged with a California-based investment banking and changed its name to Providential Holdings, Inc. In April 2009, the corporate name was changed to PHI Group, Inc.
PHI Group focuses primarily on energy and natural resources.
We have begun an ongoing acquisition program to accumulate coal assets in Indonesia to provide stable long-term coal supply to major international users including coal-fired power plants, steel mills, cement and glass manufacturing plants, etc.
Our strategy with regard to renewable energy is to provide solutions to energy problems by using better, cleaner and more cost-effective renewable technologies, including solar, wind, hydro, geothermal, hydro-magnetic gravitational, and others as may be optimum for each particular geopolitical area.
We have partnered with Global Sun Wind & Power Corp., a U.S. company, to provide patented wind energy, solar power, battery storage systems and back-up power generators in a unified system each element of which is designed specifically for the customer’s particular site and geographical conditions. These systems are highly efficient in both grid-connected and off-grid applications.
We have also signed an agreement with Global Development Systems, Inc., a U.S. company, to provide the world’s first renewable energy technology capable of producing Baseload Renewable Energy. This system delivers continuous and reliable energy that competes directly with coal, natural gas and nuclear on a $/KWh basis.
The GDS technology uses a closed-loop hydro system to generate waves in a controlled environment and converts the combined energy of those waves to mechanical power used for generating electricity, pumping water for distribution, desalination and energy storage, to name a few. The GDS system is versatile and scalable in its application, design and construction; thus can be tailored to meet the unique needs of each customer.
We cooperate with VIP Group and Hoang Ngoc Joint Stock Company to develop coal-fired power plants in Vietnam.
In addition, we continue to investigate and evaluate investment opportunities in natural resources, including water, oil, gas, industrial minerals, etc.