In a disclosure to the Philippine Stock Exchange, APRI said the GRSSA involves the supply of steam and drilling of new production wells in the Tiwi and MakBan Geothermal Complex.
The company said the agreement aims to ensure the long-term operations of the two renewable power plant facilities.
APRI, a wholly-owned subsidiary of AboitizPower, operates the 458 MW MakBan Geothermal Power Plants that straddle the provinces of Batangas and Laguna, as well as the 289 MW Tiwi Geothermal Power Plants in Albay.
PGPC, the pioneer in the commercial development of geothermal energy in Southeast Asia, is the steamfields operator and geothermal resource provider to the power plants.
Under the GRSSA, PGPC will drill 12 new production wells over a six-year period to increase steam availability for the power plant facilities by about 20 percent.
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