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12 MW Maibarara 2 geothermal plant receives certificate of compliance

Maibarara Geothermal Plant, Philippines (source: Maibarara Geothermal Inc.)
Alexander Richter 18 Apr 2018

Maibarara Geothermal Inc. (MGI) has received the certificate of compliance for the operation of its 12 MW Maibarara geothermal power plant with the establishment of compliance with the technical, operational and financial requirements for the plant’s commercial operations.

As announced today, Mairbara Geothermal Inc. (MGI) has secured a Certificate of Compliance for its 12 MW Maibarara 2 geothermal power plant in Santo Tomas, Batangas in the Philippines. The Certificate was issued following the approval by the Energy Regulatory Commission (ERC) on Monday.

MGI is a joint venture of PetroGreen Energy Corp. (PGEC, 65%), Phinma Energy Corp. (25%) and state-owned PNOC Renewables Corp. (10%).

“The ERC’s approval of Maibarara-2’s COC proves that MGI has fully complied with the technical, operational and financial requirements for the plant’s commercial operations. Our team and partners are proud of this milestone as Maibarara-2, however modest in size, is the first geothermal-power facility to be put up under the Duterte administration and the only geothermal power plant installed in the country since 2014,” MGI President Francisco Delfin Jr. said. Maibarara-2 construction was essentially completed last year along with the Wholesale Electricity Spot Market registration and grid communication protocol requirements set by the National Grid Corp. of the Philippines.

Individual plant-equipment testing started in early-2018, culminating in the synchronization and first delivery of power to the Luzon grid on March 9.

Early this month, the ERC conducted a thorough inspection of Maibarara-2, leading to the eventual COC approval, PGEC Energy Trading Head Dave P. Gadiano said.

Source: Philippines Securities and Exchange Commission, Business Mirror