Investments to reach P50B to generate 220 MW
MANILA, Philippines—Energy Development Corp., the country’s biggest producer of geothermal power, has prioritized the development of five greenfield geothermal power projects, which are expected to cost $1.1 billion, or close to P50 billion.
In an interview, EDC president and COO Richard B. Tantoco said the five projects were in the advanced stages of development and have a total combined capacity of 180 to 220 megawatts (MW).
Tantoco identified the five projects as the Tanawon, Rangas and Kayabon geothermal power projects in Sorsogon (which can generate 120 to 150 MW combined), the 20-MW Nasulo project in Palinpinon and the Mindanao 3 in Mt. Apo (40 to 50 MW).
“To support our growth plans, we are drilling 50 new production wells in the next 24 months, something we are uniquely positioned to do given we own a fleet of seven drilling rigs,” Tantoco told the Inquirer.
The EDC official added that the company was looking at developing two more geothermal sites in Dauin in Negros Oriental and Cabalian in Southern Leyte.
“We are determining the optimal sustainable capacities for these plants,” he said.
In addition to the development of the two areas, the Lopez-led firm is also proceeding with the exploratory work and securing permits in the so-called frontier areas.
“We also hope to be awarded the frontier areas that we applied for with the Department of Energy. We are a serious and keen developer with the experience, manpower and capital and we intend to proceed with the development work on these frontier areas as soon as possible,” Tantoco explained.
EDC has pending renewable energy service contract applications for five frontier areas, or those geothermal prospects that have not been explored by the government. These are in Mandalagan-Silay, Negros Occidental; Balingasag, Misamis Oriental; Mt. Ampiro, Misamis Occidental; Lakewood, Zamboanga del Sur; and Mt. Zion, North Cotabato.
The projects are expected to help propel EDC to become the top geothermal company in the world over the next three to five years.
EDC also owns and operates the Unified Leyte plants, consisting of the 125-MW Upper Mahiao, 180-MW Mahanagdong, 232-MW Malitbog and 51-MW optimization plants. Its steam field and power plant operations are also now fully integrated with the acquisition of the 112.5-MW Tongonan 1, 192.5-MW Palinpinon and 150-MW Bacman geothermal plants from state-run National Power Corp.
EDC remains the biggest producer of geothermal energy in the Philippines, accounting for 62 percent of the country’s total installed geothermal capacity. Aside from geothermal, EDC also owns and operates the 122-MW Pantabangan-Masiway hydroelectric plants.
In an interview, EDC president and COO Richard B. Tantoco said the five projects were in the advanced stages of development and have a total combined capacity of 180 to 220 megawatts (MW).
Tantoco identified the five projects as the Tanawon, Rangas and Kayabon geothermal power projects in Sorsogon (which can generate 120 to 150 MW combined), the 20-MW Nasulo project in Palinpinon and the Mindanao 3 in Mt. Apo (40 to 50 MW).
“To support our growth plans, we are drilling 50 new production wells in the next 24 months, something we are uniquely positioned to do given we own a fleet of seven drilling rigs,” Tantoco told the Inquirer.
The EDC official added that the company was looking at developing two more geothermal sites in Dauin in Negros Oriental and Cabalian in Southern Leyte.
“We are determining the optimal sustainable capacities for these plants,” he said.
In addition to the development of the two areas, the Lopez-led firm is also proceeding with the exploratory work and securing permits in the so-called frontier areas.
“We also hope to be awarded the frontier areas that we applied for with the Department of Energy. We are a serious and keen developer with the experience, manpower and capital and we intend to proceed with the development work on these frontier areas as soon as possible,” Tantoco explained.
EDC has pending renewable energy service contract applications for five frontier areas, or those geothermal prospects that have not been explored by the government. These are in Mandalagan-Silay, Negros Occidental; Balingasag, Misamis Oriental; Mt. Ampiro, Misamis Occidental; Lakewood, Zamboanga del Sur; and Mt. Zion, North Cotabato.
The projects are expected to help propel EDC to become the top geothermal company in the world over the next three to five years.
EDC also owns and operates the Unified Leyte plants, consisting of the 125-MW Upper Mahiao, 180-MW Mahanagdong, 232-MW Malitbog and 51-MW optimization plants. Its steam field and power plant operations are also now fully integrated with the acquisition of the 112.5-MW Tongonan 1, 192.5-MW Palinpinon and 150-MW Bacman geothermal plants from state-run National Power Corp.
EDC remains the biggest producer of geothermal energy in the Philippines, accounting for 62 percent of the country’s total installed geothermal capacity. Aside from geothermal, EDC also owns and operates the 122-MW Pantabangan-Masiway hydroelectric plants.
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