Wednesday, June 19, 2013


APC to Invest $300m in Geothermal Project in Kalinga Province (Energy Business Review)

APC Group, a subsidiary of SM Group's gaming arm Belle, is gearing up to invest $300m to develop a 100 MWe geothermal project in Kalinga province, Philippines.

The company has scheduled commencement of the facility for 2018, with plans to raise the power generation capacity to 300 MWe. The geothermal project is being developed in association with Chevron Geothermal Philippines Holdings.

APC Group chief Finance officer Bernardo Lim said "By third quarter of 2014, we are going to drill exploration wells. If the exploration wells will prove the existence of a commercial source, we will start the construction of a power plant."

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