5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

MGI plans up to P8.9-B geothermal expansion in Batangas

by
September 14, 2025
in Stock
0
MGI plans up to P8.9-B geothermal expansion in Batangas
PETROENERGY.COM.PH

RENEWABLE ENERGY developer Maibarara Geothermal, Inc. (MGI) is proposing an up to P8.9-billion expansion of its geothermal facility in Batangas to supply additional power to the Luzon grid.

The expansion is expected to generate 25 to 40 megawatts (MW) of capacity, which will raise MGI’s total output to 80 MW once completed, the company said in a filing with the Department of Environment and Natural Resources (DENR).

The company said the project would help meet growing demand while supporting the country’s energy transition.

“Viewed on a broader scale, the project will contribute additional generation capacity to the Luzon grid, addressing the country’s persistent power shortages and supplying power to new infrastructure to be built by the government or the private sector in the future, leading to additional jobs,” it said.

MGI is a joint venture of PetroGreen Energy Corp. (65%), ACEN Corp. (25%), and PNOC Renewable Corp. (10%). It currently operates the 20-MW Maibarara-1 and 12-MW Maibarara-2 plants in Sto. Tomas, Batangas.

The proposed expansion covers the drilling of new production and reinjection wells, development of discharge facilities, and installation of a power plant and switchyard.

The facility will use geothermal steam from the new wells, which will be converted into electricity through the steamfield system.

Construction is targeted to begin in the fourth quarter of 2027, with commissioning scheduled between 2029 and 2031. Full operations are expected in the third quarter of 2031.

MGI said the expansion will also contribute to reducing greenhouse gas emissions, as geothermal plants emit only a fraction of the sulfur dioxide, nitrogen oxide, and carbon dioxide generated by coal-fired facilities of similar capacity.

The Philippines has a total installed geothermal capacity of 1,952 MW, making it the world’s third-largest geothermal producer.

As of July, the Department of Energy had awarded 31 geothermal service contracts with a combined potential capacity of 1,077.22 MW. — Sheldeen Joy Talavera

Previous Post

The Fronx awakens

Next Post

Higher terminal fees take effect at Manila’s main airport

Next Post
Higher terminal fees take effect at Manila’s main airport

Higher terminal fees take effect at Manila’s main airport

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    PHL external debt jumps to $149B

    PHL external debt jumps to $149B

    September 14, 2025
    PHL big banks post slower growth in assets, loans in 2nd quarter

    PHL big banks post slower growth in assets, loans in 2nd quarter

    September 14, 2025
    Business groups say independent body can help restore investor confidence in PHL

    Business groups say independent body can help restore investor confidence in PHL

    September 14, 2025
    Higher terminal fees take effect at Manila’s main airport

    Higher terminal fees take effect at Manila’s main airport

    September 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.