Philippines:

Geothermal Exploration Starts on Biliran Island (BusinessWorld Online Edition)

Biliran Geothermal  Inc. (BGI), is scheduled to drill an exploratory well in the third quarter to assess the availability of resource within its geothermal field on Biliran island, an official of the Philippines Energy department told reporters yesterday.

Data from the Energy department showed that the Biliran geothermal concession -- which was awarded to BGI in July 2008 -- covers an area of 260 square kilometers in barangays Cabibihan and Villa Vicenta in the municipality of Caibiran. It was estimated to have a potential geothermal resource that can support a 50 MWe power plant.

BGI is a joint venture between Filtech Energy Drilling Corp. (FEDCO) and Iceland-based Orka Energy Holding ehf.

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