12 MW extension of Maibarara plant receives green light
The planned 12 MW extension of the 20 MW Maibara geothermal power plant by Maibarara Geothermal/ PetroEnergy has received commercial "standing" by the Philippines DOE allowing the project to go ahead.
Earlier this year, PetroEnergy announced that it expects its Maibarara 12 MW extension is to be operational by mid-2017.
Now the project has received the so-called “commerciality affirmation” by the Philippines’ Department of Energy, allowing the project to go ahead.
“MGI president F.G. Delfin Jr. said that on Sept. 24, 2015, the DOE issued to MGI the Confirmation of Commerciality and the Certificate of Additional Investment, both dated Sept. 21, 2015, for MGI’s M2 expansion project. The latter involves the installation of a new 12-MW unit adjacent to the existing 20-MW Maibarara-1 (M1) unit and is expected to add at least 95,000 MWh to MGI’s annual generation.
“We opted to increase Maibarara-2’s gross capacity from 10MW 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. (GSI) which confirmed more than sufficient reserves for combined M1 and M2 power generation for 25 years,” Delfin said.
This capacity increase is expected to enhance MGI’s revenues. “We aim for M2 unit to be on-line by third quarter, 2017,” Delfin said.”
Source: Business Inquirer