The largest producer of geothermal energy in the country, Energy Development Corp. (EDC) will spend P58 billion in the next 25 to 30 years for the expansion of its Leyte Geothermal Project (LGP).
The company, which is the second largest of its kind in the world, announced in a recent public consultation that it intends to expand its steam field production in Leyte by adding 7,106 hectares to the current 7,400 hectares, coming up with a total of 14,506 hectares.
EDC said the Leyte geothermal field is experiencing substantial steam decline after 30 years of operation, and thus, the reason why it has to develop the makeup and replacement drilling program so as to maximize power generation to 700 MW.
The project entails opening new access roads, construction of new well pads and sumps, installing new pipelines and drilling of additional wells while maintaining total power plant capacity of 700MW. No new power plants will be built, however.
