Maibarara-2 Starts Exporting Power to the Luzon Grid

March 12, 2018

The 12-MW Maibarara Geothermal Power Plant-2 (M2) was successfully synchronized to the Luzon grid on March 9, 2018. The facility located, in Sto. Tomas, Batangas, is the second geothermal unit of Maibarara Geothermal, Inc. (MGI). MGI is a joint venture of PetroGreen Energy Corporation (PGEC, 65%), PHINMA Energy Corporation (25%), and PNOC Renewables Corporation (PNOC-RC, 10%). PGEC is the renewable energy holding unit of publicly-listed PetroEnergy Resources Corporation (PERC).

“M2 was put online at 12:04 pm on March 9, marking as well its first export of power to the Luzon grid. After its synchronization to the grid, the M2 unit is currently undergoing a series of capability and reliability tests. During these tests, the ERC will conduct a technical inspection as part of the Commission’s requirements for the issuance of a certificate of compliance (COC). Commercial operations of M2 will follow with the COC award,” MGI Power Plant Manager Paul Elmer C. Morala declared.

“Maibarara-2 is the first geothermal facility to be put up under the administration of President Duterte and the only geothermal power plant installed in the country since 2014. MGI began construction of the facility in March 2016, employing several local construction companies but retaining Fuji Electric of Japan as the supplier of the plant’s turbine-generator and other major equipment. This capacity expansion will also provide additional royalties and taxes to the national and host local governments,” MGI President F. G. Delfin, Jr. said.

“Maibarara-2 is the fourth power generating plant we completed and put on-line in four years. It marks the second wave of our judicious investment and operation in the renewable energy sector following the first wave with the 20 MW Maibarara-1 unit in February 2014, the 36 MW Nabas-1 wind farm in June 2015, and the 50 MW Tarlac-1 solar facility in February 2016. This second wave of investment, that will also see the expansion of our Nabas and Tarlac facilities and new greenfield projects, have to be even more deliberate considering the challenges in securing new offtake contracts and more importantly the uncertainty in some government energy policies and direction,” added PGEC President Milagros V. Reyes.