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Article: RP targets $2.5-billion geothermal development.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG, Nov. 5 (Reuters) – The Philippine government aims to approve contracts to explore and develop the country's massive geothermal energy resources, which could attract more than $2.5 billion in private investment, an official said.The Philippines, the world's second-largest developer of geothermal energy, plans to approve 19 deals in the next five months to allow foreign and domestic companies accesss to geothermal projects, the division chief for geothermal energy at the Philipine Energy Department, Alejandro Oanes, told Reuters.Philippine power producer Energy Development Corp and Envent, a unit of Geysir Green Energy, one of Iceland's biggest geothermal ...