Monday, September 22, 2014


APC Group Set to Drill Two Wells in Kalinga Geothermal Prospect (Manila Standard Today)

APC Group Inc., may start commercial operations of a planned geothermal power project in Kalinga, Apayao by 2019 or 2020, depending on the outcome of exploration.

APC Group executive vice president and chief finance officer Jackson Ongsip said in an interview during the annual stockholders’ meeting the company would drill two exploration wells to determine the reserves of the geothermal prospect.

“If the exploration wells will prove the existence of a commercial source, we will start the construction of a power plant soon after. Construction of power plant may take two to three years to complete,” Ongsip said.

He said exploration activities would be completed by 2016 and that the power plant might come on stream by 2019 to 2020.

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