EDC to invest up to $1.28 bn for Leyte expansion in the next 30 years
The geothermal expansion plan envisions adding more land to build new wells; as much as 7,106 hectares to the current 7,400 hectares.
Good news form the Philippines where according to local news Energy Development Corp. (EDC) is said to invest P58 billion (USD $1.28 billion) in the next 25 to 30 years to further expand the Leyte Geothermal Project (LGP).
EDC has ambitious plans for the LGP and plans to expand the geothermal field “by adding 7,106 hectares to the current 7,400 hectares, coming up with a total of 14,506 hectares.”
The reason behind this substantial expansion is due to a “substantial steam decline after 30 years of operation, and thus, the reason why it has to develop the makeup and replacement drilling program so as to maximize power generation to 700MW.”
The expansion will require investing in new roads, wells, well pads and other infrastructure. Due to the scope of the operations, an Environmental Performance Report and Management Plan is on the pipeline alongside other studies to measure the impact on the environment and on the local population.
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Source: Manila Buletin