Ria Calleja, Aboitiz Power assistant vice president, told reporters over the weekend that subsidiary AP Renewables Corp has started initial work on the Negron-Cuadrado geothermal prospect.
The company, however, has yet to identify the potential power generating capacity and the needed investment to develop the project.
"We were awarded the geothermal renewable energy service contract for the Negron Cuadrado service area by the [Department of Energy]," Calleja said.
AP Renewables control the Aboitiz Group's lone geothermal asset -- the 289-MWe Tiwi and 458 MWe MakBan geothermal power complex -- located in Albay, Laguna and Batangas.
