Philippines: 12 MW Second Unit of Maibarara Geothermal Power Plant to Launch by End of 2017

12 MW Maibarara2 geothermal to ‘start running in Q4 2017’ (The Manila Times)

Maibarara geothermal plant (Courtesy PetroEnergy)

Maibarara Geothermal Inc. (MGI) broke ground on Thursday for its 12-megawatt Maibarara-2 Geothermal Power Facility (MGPF), and expects to start operating the plant in the fourth quarter of 2017.

Maibarara-2 (M2) is currently the only new geothermal power station being constructed in the country.

Maibarara Geothermal is a joint venture company owned by PetroGreen Energy Corp. (PGEC), which holds a 65 percent stake, Phinma Energy Corp. (Phinma Energy) with 25 percent, and PNOC-Renewable Corporation, with 10 percent. PGEC is a subsidiary of listed PetroEnergy Resources Corporation (PERC).

Maibarara 1 (M1) is a 20-megawatt (MW) integrated steam field and power plant, which has been operating since 2014 and the first renewable energy (RE) project declared commercial by the DOE completely within the Renewable Energy law of 2008.

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