By Alena Mae S. Flores Posted on October 02, 2012 12:01am
Orka Energy, a geothermal company from Iceland, has teamed up with Filtech Energy Drilling Corp. to pursue the 49-megawatt geothermal power project in Biliran province, which was delayed after its previous investors pulled out.
Energy Undersecretary Jay Layug told reporters Orka Energy, together with its partners, would drill two to three geothermal wells next year.
“Iceland is one of the pioneers in geothermal energy. They [Orka] will share with us their technologies such as geothermal district heating,” Layug said.
District heating allows for the distribution of heat generated from a centralized location for residential and commercial heating.
Orka Energy specializes in global geothermal resource development and operation. The company’s main focus is on exploring, developing and producing electricity from geothermal energy.
Orka Energy will actually replace Envent Holding Philippines Inc., a unit of another Iceland-based company as Biliran Geothermal’s foreign investors. source
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