“We are looking at other areas in Luzon for other geothermal projects,” PERC Vice-President Francisco G. Delfin, Jr. said during a plant tour on Wednesday last week. “Why Luzon? Because the power market is still here. There’s a huge potential here,” Mr. Delfin added.
The official said studies and internal discussions on the next project are ongoing but noted that “everything is very preliminary.”
PERC, through 65%-owned Maibarara Geothermal, Inc. (MGI), owns and operates a 20-MW geothermal plant in Sto. Tomas, Batangas. MGI is also in the process of expanding the power plant by another 10 MW, which would entail an investment of up to P1.3 billion.
Read More......
