Green Core Geothermal Inc, a subsidiary of First Luzon Geothermal Energy Corp., which is owned by the Lopez Group’s Energy Development Corp (EDC) recently bagged the Panlinpinon-Tongonana geothermal plant during public auction by the PSALM.
Their bid of $220 million beat out the Aboitiz Groups’s $200 million offer, solidifying further their hold as the Philippine’s number one producer of Geothermal energy.
The Palinpinon power plant is located in Valencia, Negros Oriental and gets its geothermal steam from EDC. Built in 1983, Palinpinon I has 3 37.5MW steam turbines with a total rated capacity of 112.5 MW. Palinpinon II, consists of 3 modular power plants: Nasuji (20MW), Okoy 5 (20MW) and Sogongon (40MW). The Nasuji was commissioned in 1993, Okoy 5 in 1994, while Sogongon in 1995.
Tongonan geothermal power plant is located at Sitio Sambaloran, Barangay Lim-Ao, Kananga, Leyte province in Eastern Visayas. The plant has three 37.5MW units which started operating in 1983.
The Philippines is known as the country with the 2nd largest Geothermal energy capacity and EDC is known as the largest operator of Geothermal fields in the Philippines.
[source]
Category: Geothermal, EDC
January 9th, 2010 at 3:11 pm
it was really great to visit the place in valencia. i was one of the students who joined the educational tour last january 8,2010. it was the best experience i have!!!!!!more power to the company,,,dont forget to reinject the existing water!!!!hehehe