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| BacMan Geothermal Production Field (Courtesy EDC) |
Energy Development Corp., said today that the rehabilitation cost of the 150 MWe Bacon-Manito geothermal plants in Bacon, Sorsogon and Manito, Albay will reach $100 million.
EDC president Richard Tantoco said the company had already spent $78 million since the company acquired the Bacon-Manito facilities.
“We’ve spent $78 million already. If we have to replace turbines of unit I and II, that’s another $25 million for two [units], so we will have to spend $100 million, including the cost of unit III rehabilitation,” Tantoco said.
The Bacman geothermal power plants consist of unit I (55 MWe), unit II (55 MWe) and unit III (20 MWe).
