PetroEnergy Resources Corp. plans to expand its 20-megawatt (MW) Maibarara integrated geothermal power facility by another 10 megawatts.
According to Mario Marasigan, director of the Renewable Energy Management Bureau (REMB) of the Department of Energy (DOE), PetroEnergy is putting everything in place. The Maibarara integrated geothermal power facility in Sto. Tomas, Batangas started commercial operations early this year.
PetroEnergy earlier said the expansion of the project may be done in two phases to bring the capacity to 30 MW.
Francisco Delfin Jr., PetroEnergy vice president said the company’s capital expenditure for such expansion is about $25 million.
Delfin said they are planning to finish the expansion by the end of 2015 or early 2016.
After that, Delfin said they will consider another expansion.
PetroEnergy Resources President Milagros Reyes said after the 10-MW expansion, another 10 MW in capacity may be added.