Aboitiz Expects to Drill More Tiwi Wells (Manila Standard Today)
Aboitiz Power Corp. is confident of reaching an agreement with Chevron-led Philippine Geothermal Production Company Inc. within the year to drill additional wells to increase the steam supply of the Tiwi-Makban geothermal facilities in Albay and Laguna, a company official said over the weekend.
“We’re working on it. We’re hopeful that we can resolve something by the end of the year,” Michael Pierce, Aboitiz Renewables Inc. president and chief operating officer, told reporters.
Aboitiz Power operates the Tiwi-Makban power plant complex, while Philippine Geothermal, a joint venture between Chevron Geothermal Inc. and SM Investments Corp., runs the steam fields.
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