ThermaPrime's 2000 HP drilling rig in PGPC'S concession area in Albay, Philippines (source: ThermaPrime)ThermaPrime is a drilling services contracting company specializing in geothermal wells and related services. As a member of The First Holdings Group of Companies and a fully-owned subsidiary of general contractor First Balfour, Inc., ThermaPrime is in the forefront of the low-carbon-footprint and regenerative agenda of the Group.
Throughout the drilling program, ThermaPrime was able to achieve a few notable feats – the drilling of the deepest “large hole” geothermal well in the country at 11,849 feet (3611 meters), and a speed record for geothermal drilling having been completed in under a month.
The drilling campaign produced more than 100 MW of additional steam production for the geothermal sites of PGPC in Laguna and Batangas, and in Tiwi, Albay. PGPC is looking to progress its other geothermal concessions and increase its renewable energy output to about 600 MW in line with the thrust of the government to pursue green and sustainable energy development.
Earlier this year, SM Investments Corp. (SMIC), the conglomerate that owns PGPC, announced a spending plan for Php 3 billion (approx. USD 53.8 million) annually over the next five years to build the company’s geothermal installed capacity to double the current capacity of the existing Mak-ban and Tiwi geothermal fields.
