Catherine Talavera (The Philippine
Star) - August 25, 2018 - 12:00am
MANILA, Philippines — AP Renewables
Inc. (APRI) has signed a geothermal resources supply and services agreement
(GRSSA) with Philippine Geothermal Production Co. Inc. (PGPC), the company said
yesterday.
In a disclosure to the Philippine
Stock Exchange, APRI said the GRSSA involves the supply of steam and drilling
of new production wells in the Tiwi and MakBan Geothermal Complex.
The company said the agreement aims
to ensure the long-term operations of the two renewable power plant facilities.
APRI, a wholly-owned subsidiary of
AboitizPower, operates the 458-MW MakBan Geothermal Power Plants that straddle
the provinces of Batangas and Laguna, as well as the 289-MW Tiwi Geothermal
Power Plants in Albay.
PGPC, the pioneer in the commercial
development of geothermal energy in Southeast Asia, is the steamfields operator
and geothermal resource provider to the power plants.
Under the GRSSA, PGPC will drill 12
new production wells over a six-year period to increase steam availability for
the power plant facilities by about 20 percent.
The agreement also ensures a more
competitive fuel pricing in the long term.
“APRI is committed to deliver
reliable and renewable power to our customers. This agreement secures the
continued viability of the power plant facilities allowing us to deliver that
commitment,“ APRI president and COO Alexander Coo said.
“For three years now, the
Philippines has been ranked No. 1 in energy sustainability in the World Energy
Council’s Energy Trilemma report because we continue to maximize the potential
of renewable energy in the country, we hope to continue that momentum,” he
added.
PGPC president Napoleon Saporsantos
Jr. said renewable baseload energy is critical for the Philippines to power its
economic growth.
“The sustainable operation of the
geothermal steamfield is our way of supporting the country’s long-term energy
needs through the supply of reliable, clean, and indigenous energy resources,”
Saporsantos said.
First commissioned in 1979, the
Tiwi-MakBan Geothermal Complex is one of the biggest geothermal facilities in
the country and the region. PGPC has since operated the steamfield facilities.
AboitizPower took over the
operations and management of the power plant facilities from the National Power
Corp. in 2009.
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