Publicly-listed PetroEnergy Resources Corp. (PERC) will push through with its 40-megawatt (MW) Maibarara geothermal power project following an environmental compliance certificate from the Department of Environment and Natural Resources (DENR). In a disclosure to the Philippine Stock Exchange (PSE), PERC said it would develop Maibarara, located along Calamba, Laguna and Sto. Tomas, Batangas, and commission [...]
Posts Tagged ‘Geothermal energy’
PetroEnergy to pursue geothermal plant project (8/12/2010)
Posted in Philippine Star News, tagged Generation, Geothermal energy, Renewable energy on August 12, 2010 | Leave a Comment »
EDC’s Negros plant still running below capacity (8/09/2010)
Posted in Inquirer News, tagged Geothermal energy on August 9, 2010 | Leave a Comment »
Lopez-led Energy Development Corp. is looking for options to maximize the use of its 49-megawatt Northern Negros geothermal power plant, which has been generating only less than a fifth of its rated capacity since last year. “We are still way short of our targets (for the Northern Negros plant) with a steam supply of only [...]
EDC investing $1B in ‘green energy’ projects over five years (7/30/2010)
Posted in Business World News, tagged EDC, Geothermal energy, Renewable energy on July 30, 2010 | Leave a Comment »
LOPEZ-LED geothermal power firm Energy Development Corp. (EDC) plans to invest more than $1 billion in green energy pro-jects over five years from 2011, company president Richard B. Tantoco said yesterday. The country’s largest geo-thermal energy producer wants to spend around $805 million for new geothermal projects that will generate 230 megawatts (MW) of electricity, [...]
Geothermal producer to settle ¥22-billion Miyazawa II loan (6/28/2010)
Posted in Business World News, tagged EDC, Financing, Geothermal energy on June 28, 2010 | Leave a Comment »
LOPEZ-LED Energy Development Corp. (EDC) will settle a ¥22-billion loan from the Japanese government today, to assuage concerns among investors of too much exposure to yen debt. EDC said in a statement the settlement of the company’s Miyazawa II loan would overhaul the currency mix of its debts. The company had already paid ¥12 billion [...]
EDC seeks $325M in loans (6/07/2010)
Posted in Inquirer News, tagged EDC, Geothermal energy on June 7, 2010 | Leave a Comment »
Energy Development Corp., the country’s biggest producer of geothermal energy, is seeking $325 million in loans from foreign banks and a multilateral institutions to help finance maturing obligations and other capital expenditure projects. Inquirer sources said that about $175 million of the loans would come from three foreign banks—Credit Agricole, Standard Chartered Plc and Australia [...]
RP seen to surpass US as geothermal producer (5/24/2010)
Posted in Business Mirror News, tagged Geothermal energy on May 24, 2010 | Leave a Comment »
THE Philippines is expected to leap over the United States as the world’s top producer of geothermal power, according to a report by the Geothermal Energy Association (GEA). The report “Geothermal Energy: International Market Update” identified 70 countries with projects under development or active consideration, a 52-percent increase since 2007. “Projects under development grew the [...]
PSALM starts privatization process (5/24/2010)
Posted in Manila Bulletin News, tagged Geothermal energy, Privatization on May 24, 2010 | Leave a Comment »
The Power Sector Assets and Liabilities Management Corporation (PSALM) has begun the process for the privatization of the contracted capacity of the Unified Leyte Geothermal Power Complex. Based on the bid documents, interested parties may now start due diligence on the Unified Leyte plants located in Tongonan in Leyte province which have a combined capacity [...]
PSALM expects 4 bidders in sale of Bacon-Manito geothermal plants (5/05/2010)
Posted in Philippine Star News, tagged Bac-Man, Geothermal energy, Privatization, PSALM on May 5, 2010 | Leave a Comment »
The Power Assets and Liabilities Management Corp. (PSALM) said it expects four bidders in the auction for the 150-megawatt (MW) Bacon-Manito geothermal power facilities today. Conrad Tolentino, PSALM vice president for asset management and electricity trading, said they are also optimistic the geothermal plants would fetch a good price. “The Bac-Man plants are not in [...]
DOE to okay 5 EDC geothermal contracts – 04/15/2010
Posted in Philippine Star News, tagged Geothermal energy on April 15, 2010 | Leave a Comment »
The Department of Energy (DOE) is set to approve five more geothermal projects of Energy Development Corp. (EDC), the geothermal development unit of Lopez-led First Gen Corp. Based on DOE data, EDC has pending application for some 110 megawatts (MW) worth of geothermal projects. These five geothermal areas are: Mt. Ampiro in Misamis Occidental (30 MW), [...]
PNOC unit bags 2 geothermal deals (04/06/2010)
Posted in Philippine Star News, tagged Exploration, Geothermal energy on April 6, 2010 | Leave a Comment »
PNOC-Renewables Corp., the renewable energy unit of government-run Philippine National Oil Co. (PNOC), has bagged two new geothermal exploration contracts with total potential investments of about $120 million. Energy Assistant Secretary Mario Marasigan said the Department of Energy (DOE) has awarded the 20-megawatt Mainit-Sadanga and 20-MW Buguias-Tinoc geothermal prospects in Northern Luzon to PNOC-RC. “The geothermal [...]
