posted January 01, 2016 at 11:30 pm by Alena Mae S. Flores
Maibarara Geothermal Inc. said it
started the 12-megawatt geothermal power plant expansion in Batangas province, as
it prepares for full commercial operation in 2017.
“Yes, the expansion is on track,”
Maibarara Geothermal president Francisco Delfin Jr. said.
Maibarara Geothermal operates the
existing 20-MW Maibarara geothermal power project in Sto. Tomas, Batangas under
a joint venture with Trans-Asia Oil and Energy Development Corp. and PNOC
Renewables Corp.
Its shareholders are PetroGreen
Energy Corp. with 65 percent, Trans-Asia OIl and Energy Development Corp. with
25 percent and PNOC Renewables Corp. at 10 percent. PetroGreen is a
wholly-owned subsidiary of publicly-listed PetroEnergy Resources Corp.
The Energy Department awarded the
Maibarara service contract in February 2010 following an open and competitive
selection process in October 2009.
It became the newest geothermal
power facility in the country and the first under the Aquino administration,
when it started commercial operation on Feb. 8, 2014.
The Maibarara expansion project
involves the installation of a new 12-MW unit adjacent to the existing 20 MW Maibarara-1
geothermal project and is expected to add at least 95,000 megawatt-hours to the
plant’s annual generation.
“We opted to increase Maibarara-2’s
gross capacity from 10 MW to 12 MW after the successful flow-test of well
MB-15RD and the release of an independent resource validation by
California-based Geothermal Science, Inc. which confirmed more than sufficient
reserves for combined M1 and M2 power generation for 25 years,”Delfin said.
Delfin said the capacity expansion,
once completed, would enhance Maibarara Geothermal’s revenues.
“We aim for M2 unit to be on-line by
third quarter 2017,” Delfin said earlier.
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