Drilling being prepared for 120 MW Kalinga geothermal project, Phillippines
Aragorn Power and Energy Corp. is now set to proceed with Phase 3 of the Kalinga geothermal project, which includes construction of roads and well pads in preparation for drilling.
The 120-megawatt Kalinga geothermal power project is now ready for exploration and drilling, according to a report submitted to the Philippine Stock Exchange by Aragorn Power and Energy Corp., a unit of listed APC Group Inc. According to the report, APEC had already finished sub-phases 1 and 2 of the project, which involved geochemical and geophysical surveys. Located in Pasil, Kalinga province, the geothermal project has an estimated value of $300 million.
APEC is now proceeding with sub-phase 3 of the project, which involves road construction, improvement of existing roads, construction of well pads, and drilling of wells. Surveys for construction and well pads have already been completed, while relevant right-of-way negotiations, supplier bidding, and contract preparations are still underway.
The Department of Environment and Natural Resources has already granted a certificate of non-coverage allowing APEC to initiate the sup-phase 3 of the Kalingan geothermal project.
Source: Manila Standard