PGPC allots P3B yearly capex for geothermal expansion

📆 6/30/2023 2:45 PM
📰 manilabulletin

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The expansion ventures of PGPC on geothermal resource exploration and development will ensure unbreakable cycle for this technology becoming part of the long-term energy mix. ManilaBulletin

In a media statement, the company indicated that the new geothermal resource exploration areas it will be pursuing will be those in Cagayan, Daklan and Kalinga in Northern Luzon, and Mount Labo and Malinao in Southern Luzon.

As asserted by SM Investments President and CEO Frederic C. DyBuncio, the firm “is committed towards harnessing clean energy by increasing its capacity to provide steam.” The company narrated that as of March this year, “the MakBan and Tiwi steam fields have contributed to at least 57.5 billion kilograms in reducing carbon dioxide emissions since the start of its commercial operation,” and that redounds to 188,802 hectares of trees plantation.

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