AP Renewables, Inc. (APRI), the renewable power unit of Aboitiz Power Corp., on Thursday launched the newly restored 6 MW binary plant at the Makiling-Banahaw (MakBan) geothermal project in Sto. Tomas, Batangas.
APRI completed the restoration of Binary Plant 1, which uses excess heat from spent brine to generate clean energy for the Luzon grid, in July 2016. The plant restoration cost P107 million, lower than the initial budget of P130.7 million.
The additional renewable capacity was added to the Luzon grid by the end of 2016.
The plant is one of three binary cycle power plants in the MakBan Geothermal Project complex that the company had acquired in 2009, and the only one found fit for rehabilitation.
At the same time, Mr. Moraza said there is potential to source 20 to 24 MW from their geothermal power plant located in Tiwi, Albay.
“We’re actually doing the feasibility study now, we have the costing already... They’re developing now,” AboitizPower President and Chief Operating Officer Antonio R. Moraza said.