Phillipines largest geotherm producer in world
Pan Pacific recently had several ( 4 ) of its geothermal projects approved in the Phillipines.....
The Philippines update
The Philippines gets 17% of its electricity supply from geothermal power plants and is the second largest geothermal energy producer in the world. As of 2010, 1.8 GW of geothermal power capacity had been installed.
According to research firm Frost & Sullivan, the Philippines has targeted over 1.4 GW of increased capacity as part of its long-term renewable energy plan up to 2030, with 1,020 MW of new installations expected to come online between 2015 and 2020.
The government has taken steps to facilitate the development of its geothermal resources by the private sector. It has initiated major structural reforms through the privatisation of National Power Corporation’s geothermal generating assets. The government also divested its interests in PNOC-Energy Development Corporation, the national geothermal development company opening up this sector for the entry of new players.
The Geothermal Energy Association’s “International Market Overview Report” indicates that the government approved six geothermal power contracts for Pan Pacific Power Philippines Corp and SKI Construction Group Inc last year.
Elsewhere, Maibarara Geothermal Inc has begun developing its Maibarara geothermal project, which is expected to bring 20 MW of geothermal electricity online in 2013.
The Energy Development Corporation (EDC) is rehabilitating its Bacon-Manito, Palinpinon and Tongonan geothermal power plants in the country to ensure ongoing geothermal generation there.
Vincent Villegas, vice-president of business development of EDC, which owns and operates four geothermal facilities in the Philippines with a total installed capacity of 1.15 GW and has drilled more than a thousand wells, pointed out that, while EDC continues to develop geothermal and wind projects in the Philippines, the company is also pursuing long-term business opportunities elsewhere, such as in Indonesia.
“Indonesia is in the process of harnessing its geothermal resource potential. As such, as the world’s largest integrated geothermal developer with over three decades of geothermal expertise, EDC is interested not only in building partnerships with potential developers but also to share the expertise in geothermal exploration and development to deliver a clean and sustainable source of energy for Indonesia.”