Philippines DOE exploring viable geothermal development options for investors
The Filipino DoE is carrying out resource assessments and as of now, there are two viable options, one in Balut Island in Mindanao and Tingloy in Batangas.
Local Filipino news state that the county’s Department of Energy (DoE) is looking at “low enthalpy and conventional resources that can produce geothermal energy on a commercial basis.”
Mario C. Marasigan, director of the agency’s Renewable Energy Management Bureau states that there are plenty of opportunities for low temperature development available but more exploration is needed.
“We are conducting resource assessments so that we will have something to offer to the private sector,” Mr. Marasigan said.
For the time being, there are two areas that are already viable, “one in Balut Island in Mindanao and Tingloy in Batangas”. These two areas, together with conventional resource prospects and cancelled service contracts, will be offered under the next round of open competitive and selection process (OCSP) according to the local newspaper.
Mr. Marasigan said however that they do not expect to launch the OCSP this year.
Source: Business World Online