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Energy Development Corp. will spend 25 billion pesos to modernize a 43-year-old geothermal facility on Negros island. The project includes drilling up to 43 new wells and shrinking the steamfield footprint by 22 percent if approved.
manilatimes.net, plans to invest 25 billion pesos ($407 million) to upgrade its Southern Negros Geothermal Project. The work targets the 43-year-old plant commissioned in 1983 and aims to maintain steam supply while cutting the steamfield area by 22 percent to 4,028 hectares.
The company said the upgrade will involve drilling as many as 43 make-up and replacement wells. Officials at the Department of Environment and Natural Resources are reviewing the environmental impact of the proposal before any permits are issued.
January, EDC announced a separate 100-billion-peso project to raise output at its Tongonan geothermal complex in Leyte from 637.2 megawatts to 967.2 megawatts. Both facilities have operated beyond the typical 25-year lifespan of geothermal steamfields.
EDC currently runs 16 geothermal stations across the Philippines with a combined capacity of 1,302.78 megawatts. The Lopez family acquired full control of the company after its privatization in the mid-2000s.
theiranproject.comThe United States and Iran reached agreement on a roadmap to conclude their conflict within 60 days following high-level talks in Switzerland. Technical discussions will continue this week at Burgenstock resort under mediation by Pakistan and Qatar.
middleeasteye.netA Hebrew University survey found most Israelis view the recent conflict and subsequent agreement as a setback. The poll also recorded sharp drops in approval for the prime minister's handling of the campaign.