PetroEnergy Resources Corp, which operates the 20-megawatt Maibarara integrated geothermal plant in Sto. Tomas, Batangas, said it is looking for other geothermal site for power plants in Luzon.
Francisco Delfin Jr., PetroEnergy vice president, said new plants in Luzon will be part of the company’s expansion projects that will be implemented in the next two years.
“We are looking forward to continue to grow. We are looking at other geothermal areas in Luzon,” Delfin told reporters over the weekend.
When asked why the company prefers Luzon, Delfin said “the power market is still there.”
“In terms of logistics, it will be easier if we put up another geothermal facility in Luzon because we already have an existing plant here,” said Delfin.
Delfin said the company could start the exploration by next year “if discussions are okay, we could initiate the exploration or additional study by next year.”
He said the additional power plants will be on top of the company’s 20-megawatt (MW) Maibarara integrated geothermal power facility in Sto. Tomas, which is also set for expansion by another 10 MW.
The Sto. Maibarara Geothermal Inc. (MGI), a subsidiary of PetroEnergy, is operating Tomas facility and they are eying the commercial operations of the Maibarara expansion project by July 2017, Delfin said.
He said the expansion project, which will be located just beside their existing geothermal power plant, is estimated to cost between P1.1 to 1.3 billion.
Mario Marasigan, director of the Renewable Energy Management Bureau (REMB) of the Department of Energy (DOE), said PetroEnergy’s expansion is viable.
Marasigan said there is a big potential that the expansion would be successful as steam can generate higher.
“Even during the construction of the first 20 MW, there were already signs that the steam can generate higher,” he added.