EDC pushes development program additional planned 335 MW capacity
Steam pipes at Mount Apo, Mindanao Philippines (source: flickr/penmanila, creative commons)
Alexander Richter
3 Sep 2012
EDC pushes forward with ambitious geothermal development program, with five expansion ventures, two development projects and prospective exploration in five frontier areas in the Bicol region, Mindanao, Misamis Occidental, Negros Occidental and North Cotabato.
Energy Development Corp. is planning to work on 17 new projects (12 of which are geothermal) to boost its power generation portfolio for the long terms, as announced by Agnes de Jesus, Senior VP with EDC.
The 12 new geothermal projects of the company, she said, will comprise of five expansion ventures; two development projects and prospective exploration in five frontier areas. With the planned project, EDC would extend its geothermal power portfolio from currently 1,130 MW by 335 MW.
The two development projects being lined up are the 65-MW Labo prospect in the Bicol region; and 30-MW Mainit planned project in Mindanao.
The Department of Energy (DOE) earlier approved the pending geothermal contracts of EDC, which is estimated to generate a combined capacity of 130 MW.
The DOE also approved EDC’s application for the five areas for geothermal development, which includes 30-MW Mt. Ampiro in Misamis Occidental; 20-MW Balingasag; Misamis Occidental, 40-MW Lakewood geothermal project in Negros Occidental; 20-MW Mandalagan geothermal in Negros Occidental; and 20-MW Mt. Zion in North Cotabato.
The overseas ventures being eyed by the company are on track, primarily those in the Latin American jurisdictions of Peru and Chile. The other development targets are in Indonesia and Africa.
De Jesus noted that “geothermal will make up 70-percent of the 17 new projects” cast in the investment blueprint of EDC.
She similarly emphasized that the “five expansion projects will be from EDC’s existing steamfields;” particularly those in Bacon-Manito, Kayabon, Nasulo, Dauin and North Cotabato.
Source: Manila Bulletin, Business Mirror
