Wednesday, October 11, 2017

Philippines: U.S. Agency Supports 60-100 MW Tayabas Geothermal Power Project

USTDA Connects U.S. Industry to Geothermal Opportunities in The Philippines (News Release)

Work is expected to begin in December 2017 with drilling operations commencing in the second quarter of 2018.
(Courtesy Red Core Geothermal)
The U.S. Trade and Development Agency has awarded a grant to Tayabas Geothermal Power Inc. (TGPI) supporting the development of a 60-100 MW geothermal power project in southeast Luzon, Philippines. The project will help meet the Philippines’ growing energy demand and diversify the country’s energy mix, while creating market access for U.S. industry. TGPI is a private Philippine company established to develop the geothermal project and is wholly owned by the Manila-based Red Core Investment Corp.

TGPI has selected the California-based firm, Layman Energy Associates, Inc. (LEA) as the prime contractor for this study and drilling operations. LEA will manage a consortium of specialized geothermal service companies to support completion of a temperature gradient drilling program to update the resource assessment.  This exploration will provide TGPI with the necessary information to justify future drilling and the development of a geothermal power plant in the area. The feasibility study and resource verification will accelerate the development of the Tayabas geothermal project and create opportunities for U.S. firms in this project and the Philippines’ geothermal sector.