26 Aug 2023

Three Geothermal Prospects in the Philippines up for Bidding

26 Aug 2023  by thinkgeoenergy   
Buguias, Benguet, Philippines (source: flickr/ Leocadio Sebastian, creative commons)
The Department of the Energy (DOE) of the Philippines is offering three geothermal sites as part of the 4th round of Open and Competitive Selection Process (OCSP4) for renewable energy service contracts. The sites are as follows:

Buguias-Tinoc (100 MW)

Mabini (40 MW)

Mt. Sembrano (20 MW).

The deadline of bids for the projects will be on the 29th of August 2023 and the bids will be opened on the same day. In addition to geothermal, OCSP4 will be also be offering 13 hydropower projects and 3 wind energy projects.

Local or foreign-owned corporations or associations are eligible to apply for the service contracts. The DOE has opened the sector to greater foreign investments in 2020 by allowing 100 percent foreign participation in large-scale geothermal projects.

The Buguias-Tinoc and Mt. Sembrano geothermal prospects have been part of the list of the DOE’s study sites as we reported back in 2018. Drilling has been done on the Mabini geothermal site back in 2017 by a consortium of Basic Energy and Phinma Energy.


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