Monday, June 15, 2015


APC Group Seeks More Time for Kalinga Geothermal Exploration (BusinessWorld Online)

APC Group, Inc. will seek another extension to complete exploration work at its $300-million geothermal power plant in Kalinga, Apayao in partnership with Chevron.

APC Chief Financial Officer Jackson T. Ongsip told reporters last week the company has completed sub-phases 1 and 2 of the geothermal service contract, which covers the geochemical and geophysical surveys of the proposed 100 MW facility.

APC targets to commence the actual drilling of the exploratory wells next year and if the results of the exploration wells prove positive, construction will follow. Completion of the project is targeted for 2019 to 2020.

The Kalinga geothermal project is owned by Aragorn Power and Energy Corp., a subsidiary of APC; local firm Guidance Management Corp.; and Chevron Kalinga Ltd., a unit of US firm Chevron.

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