Philippines commits to increase geothermal output, to tap NZ expertise (Philippine Daily Inquirer)
The Philippines Department of Energy (DoE) is looking to accelerate the development of about 2,000 megawatts of the country’s geothermal resources.
This will require investments of as much as $8 billion (roughly P344 billion), according to the DoE.
These estimates were based on the global rule of thumb that $2 million to $4 million is needed to produce a megawatt of geothermal power, from the development of the steam field to the operation of a power plant.
On the sidelines of the geothermal forum on Wednesday hosted by the New Zealand Embassy, Energy Secretary Jose Rene D. Amendras said the DoE planned to tap the expertise of New Zealand firms in maximizing the Philippines’s indigenous resources.
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