News

Finnish Engineering group looks at project in the Philippines

Finnish Engineering group looks at project in the Philippines Higantangan Island, Biliran, Philippines (source: flickr/ Bulaclac Paruparu, creative commons)
Francisco Rojas 19 May 2014

A meeting took place between the Vice Mayor Acenas with Lt. Scandinavia Corporation discussing a geothermal power plant project among other topics.

Last May 14th, there was a welcoming party between Vice mayor Caesar Ian E. Acenas ande a team from the Lt. Scandinavia Corporation, a Filipino-Finnish company that is exploring possibilities of investing in Cagayan de Oro. Then aforementioned company presented the mayor a Letter of Intent to undertake a Geothermal Power Plant and Clean Water System in the city.

Regarding the power plant, the vice mayor was informed that a Finnish Engineering Company will take charge of the over-all planning. The same source informed that a large power company from Europe is reportedly interested to deliver turbines, pipes and other related equipment needed for the project. According to the company, geologists have been tasked to do the critical evaluation of the project while western companies will supply the needed power generation and automation equipment.

Acenas briefed the investors on the current power and water situation in the city with hopes that issues and problems will be addressed. If found feasible and when all are in place, the legislative body will be willing to enact needed ordinances for these projects, he added.

Source: PIA Website