Philippines:

49.4 MW Nasulo Geothermal Power Plant Gets Funding (Manila Bulletin)

The Philippines Department of Trade and Industry Board of Investments (BOI) has approved the P4.64 billion investment of Energy Development Corp. (EDC) for the construction of a 49.4 MW Nasulo geothermal power plant.

The geothermal power plant, which is eligible for incentives and is listed under the Investment Priorities Plan, is located in Sitio Nasulo, Barangay Pugahan, Valencia, Negros Oriental.

The project will start commercial operation in January 2016. EDC is 76 percent Filipino-owned and 24 percent foreign.