APRI, PGPC sign geothermal agreement

AP Renewables, Inc. (APRI) and Philippine Geothermal Production Company, Inc. (PGPC, formerly Philippine Geothermal Inc.), commit to continue the development of clean geothermal energy with the signing of a Geothermal Resources Supply and Services Agreement (GRSSA) on August 24 for the supply of steam and drilling of new production wells in the Tiwi and MakBan Geothermal Complex, ensuring the long-term operations of the two renewable power plant facilities.

APRI, a wholly-owned subsidiary of AboitizPower, 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.

PGPC, the pioneer in the commercial development of geothermal energy in Southeast Asia, is the steamfields operator and geothermal resource provider to the power plants.

Under the GRSSA, PGPC will drill 12 new production wells over a six-year period to increase steam availability for the power plant facilities by about 20%. The agreement also ensures a more competitive fuel pricing in the long term.

“APRI is committed to deliver reliable and renewable power to our customers. This agreement secures the continued viability of the power plant facilities, allowing us to deliver that commitment.”