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Lopez-led EDC investing P25 B to drill new geothermal wells
October 16, 2024
|The Philippine Star
Energy Development Corp. (EDC) of the Lopez Group is investing P25 billion to sustain steam flows at its massive geothermal project in Valencia, Negros Oriental.
According to a document submitted to the Department of Environment and Natural Resources (DENR), EDC will use the capital to drill new wells and add well pads to its Southern Negros geothermal project (SNGP).
The investment will also cover the construction of road networks, pipeline routes and other support structures, as well as the integration of emerging technologies.
Out of the allowed steam field capacity of 282.5 megawatts, SNGP is currently operating at about 241.8 MW through its existing 94 wells and 32 well pads.
Citing simulation studies, EDC said geothermal wells experience a pressure decline that may lead to decreased steam flows, which in turn could affect power generation.
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