Google Search

WebPhilippine Builder

Latest Comment

Charter Chemical & C...
Sir: I am planning to paint my house on the exter...
Camp Crame mall? Yes...
Wow, yaman naman nila, wonder what would be next a...
Football stadium in ...
Looking forward to this.. Although I'm not in the ...
Problem with overzea...
The original article is by Tessa Salazar of Inquir...
Problem with overzea...
At the bottom of your article titled: 'Source'. ...

syndicate

We have 65 guests online

adsense links

Home News Top Stories Envent to develop new geothermal plant in Philippines
Envent to develop new geothermal plant in Philippines
Sunday, 13 July 2008 22:21
Iceland-backed geothermal company aims to pull 100 MW of power from island.

With several geothermal projects in the Philippines currently underway, Envent Holding Incorporated said it signed a geothermal service contract for Biliran Island.

Financial terms of the deal were not disclosed.

According to the companies involved in the project, Biliran, one of the smallest provinces in the Philipines, is estimated to have at least 100 MW of geothermal energy.

Evnent said the upstream part of the project, which includes exploration of geothermal areas, well field construction and the extraction of steam from the area, will be executed by Biliran Geothermal Incorporated. Biliran Geothermal Incorporated is owned by Filtech Energy Drilling Corporation and Envent Holding Philippines.

Envent Holding Incorporated, formed to explore and develop geothermal sources in the Philippines, is a joint venture of Iceland-based Reykjavik Energy Invest and Geysir Green Energy.

Both Reykjavik Energy Invest and Geysir Green Energy were formed in January 2007.

Icelandic geothermal company Reykjavik Energy formed its investment arm to create partnerships for to further develop geothermal areas (see Biofuel bonanza).

Since its inception, Geysir Green Energy said it has invested approximately $650 million in geothermal energy projects and businesses.

The companies said they formed Envent in order to help meet the Philippine government target of 1,200 MW of renewable energy by 2013.
RP is 'hottest real estate market in Southeast Asia' -- consultant< Prev   Next >Ecoliving to the extreme

Trackback(0)
Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy
< Prev   Next >
 
Related Articles
Your Ad Here

Featured Builder

Pablo S. Antonio

article thumbnailBorn at the turn of the century, National Artist in Architecture Pablo S. Antonio pioneered modern Philippine architecture. His basic design is grounded on simplicity, no clutter. The lines are clean...
+ Full Story

More Articles

Featured Company

Anchor Land Holdings Inc.

article thumbnailThe Company is one of the fastest growing property developers in the country whose main focus is the development of high-end condominium projects in Manila.The Company’s very first project, the Lee...
+ Full Story

More Articles

Featured Products

Matimco, Inc

article thumbnailAbout MatimcoThe year 1963 heralded the birth of Mandaue Timber Company. Founded by Mr. Lim Liu, the small outfit was engaged in selling lumber and wooden cases to soft drink and beer companies in...
+ Full Story

More Articles