Announced recently that Aragorn Power and Energy Corp. (APEC) and its partner Guidance Management Corp. (GMC) will sign a geothermal service contract with the Department of Energy worth $3.7 Million.

This will give them 5 years to explore the province of Kalinga for geothermal wells to tap as energy. The province is said to have 60 MW worth of tappable geothermal energy.
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The Aboitiz Group finally added a geothermal powerplant to their stable of power plants in the country when they won the bid to operate the governments 458 MW Tiwi-Makban Geothermal plant.

They edged out the Lopez Group’s bid of $368.44 million with their own bid worth $447M. The Aboitiz group have long since said that they are positioning themselves to be the premiere clean energy producer in the country by tapping renewable energy sources to fuel their power plants.
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According to Former Department of Energy (DOE) secretary and current chairman of World Wide Fund for Nature-Philippines (WWF) Vincent Perez Jr, there are about $850 Million worth of Renewable Energy projects awaiting the passage of the Philippine Renewable Energy bill.

The Projects on Hold are:

1. Geothermal - 20 megawatt (MW)-project in Nasulo, Dumaguete; 50MW in South Cotabato; 50MW in the Bicol area; 20MW in Mabini, Batangas; 40MW in Compostela Valley; and 40MW-project in Biliran.
2. Wind - 80MW and 40MW projects in Ilocos Norte.
3. Solar - 10MW solar energy project in Mindanao, worth $50 million.

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Sec. Angelo Reyes of the Department of Energy announced that they are about to award 3 exploration contracts for Geothermal Power.

The three companies and their respective areas are:
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