The Philippines, the world’s largest consumer of geothermally produced electricity, is currently operating ten geothermal power plants — second only to the USA in worldwide production of geothermal energy.
This month, yet another major geothermal plant, this one on the island of Mindoro, was launched by Emerging Power, Inc. (EPI) under power supply agreements with Occidental Mindoro Electric Cooperative, Inc. and Oriental Mindoro Electric Cooperative, Inc. for the output of the company’s Montelago geothermal plant.According to the news site InterAksyon, EPI is constructing the new plant in Barangays Montelago, Montemayor and Melgar B in Naujan, Oriental Mindoro. The facility is designed to generate 40 megawatts (MW) of power, with each cooperative receiving 20 MW.
Under a geothermal renewable energy service contract with the Philippine Department of Energy, EPI plans to commence drilling to tap geothermal energy later this year, with completion and power generation targeted for mid-2016.
In addition to providing additional electricity supply, the geothermal plant is projected to reduce the cost of Mindoro’s electricity rates by 40 percent. Electricity output from the new plant is expected to further stabilize power cost, bringing rates down even further by 2030, according to an EPI spokesman.