Even as it builds hydropower plants and coal-fired power plants, Aboitiz Power is exploring two areas of Mt. Apo, the country’s tallest mountain, for geothermal power.
Aboitiz Power subsidiary Hedcor runs four hydropower plants in Davao del Sur; while its 300MW coal-fired power plant in Davao city is ongoing construction.
The Mt. Apo exploration work by the power generation and distribution arm of the Aboitiz Equity Ventures Inc. (AEV), is the initial component of work program in the Geothermal Renewable Energy Service Contracts (GRESC) awarded to the company by the Department of Energy.
The GRESC has identified for exploration two areas around Mt. Apo straddling the provinces of North Cotabato and Davao del Sur, and Davao City.
“We are now implementing Work Program approved by the Department of Energy. This phase includes project introduction to relevant local government units and stakeholders,” said Artemio Magnayon, Vice President for Business Development of Aboitiz Power, in a statement reported by Davao City-based local daily Sunstar Davao.
Magnayon said the Mt. Apo geothermal project is in line with AboitizPower’s ‘right-mix strategy in its power generation business which pushes for maximization of renewable energy.”