AP Renewables, Philippine Geothermal sign supply and services agreement

 

AP Renewables Inc. and Philippine Geothermal Production Company Inc. signed on Friday a supply and Services agreement for steam and drilling new production wells at the Tiwi-MakBan Geothermal Complex.

 The deal ensures the long-term operations of the renewable power plant facilities, according to AP Renewables.

A wholly-owned subsidiary of AboitizPower, AP Renewables 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.

As a pioneer in commercial development of geothermal energy in Southeast Asia, Philippine Geothermal is the steamfields operator and geothermal resource provider of the power plants.

Under the agreement, Philippine Geothermal will drill 12 new production wells over a six-year period to increase steam availability for the power plant facilities by about 20 percent.

“The agreement also ensures a more competitive fuel pricing in the long term,” AP Renewables said.

“For three years now, the Philippines has been ranked number 1 in environmental sustainability in the World Energy Council’s (WEC) Energy Trilemma report because we continue to maximize the potential of RE in the country, we hope to continue that momentum,” Philippine Geothermal president and COO Alexander B. Coo said.

First commissioned in 1979, the Tiwi-MakBan Geothermal Complex is one of the biggest geothermal facilities in the country and the region. Philippine Geothermal has since operated the steamfield facilities.

AboitizPower took over the operations and management of the power plant facilities from the National Power Corporation in 2009.

“Renewable baseload energy is critical for the Philippines to power its economic growth,” Philippine Geothermal president Napoleon L. Saporsantos Jr. said.

The sustainable operation of the geothermal steamfield supports the country’s long-term energy needs through the supply of reliable, clean, and indigenous energy resources, he said. —VDS, GMA News