News

20 MW Maibarara Geothermal Power Plant EPC and O&M signed

September 15, 2011

Maibarara Geothermal Inc. (MGI), the joint-venture firm composed of PetroGreen Energy Corp., Trans-Asia Oil and Energy Development Corp, and PNOC Renewables Corp, signed today two agreements for its Maibarara geothermal power project in Sto. Tomas, Batangas.

 Seated (L‐R): K. Yokoyama (Fuji Electric Sales Manager), Oscar D. Mercado (EEI Corporation VP), Roberto Jose Castillo (EEI Corporation President), DOE Director Mario C. Marasigan (DOE), Francisco G. Delfin, Jr. (MGI President), Philip M. Rimando (Trans‐Asia Exploration Manager), and Roger E. Buendia (PNOC‐RC President and CEO). 

Seated (L‐R): K. Yokoyama (Fuji Electric Sales Manager), Oscar D. Mercado (EEI Corporation VP), Roberto Jose Castillo (EEI Corporation President), DOE Director Mario C. Marasigan (DOE), Francisco G. Delfin, Jr. (MGI President), Philip M. Rimando (Trans‐Asia Exploration Manager), and Roger E. Buendia (PNOC‐RC President and CEO).

 

MGI signed an engineering, procurement, and construction (EPC) contract for the 20 MW geothermal power plant with EEI Corporation (EEI).  EEI Corporation, one of the country’s top engineering and construction firms, has extensive and long experience in construction of geothermal facilities in the country. It has provided various engineering design and construction services to companies like PNOC EDC, NPC, PGI and EDC dating back to 1982 when it built the geothermal brine pipeline for PNOC EDC’s Tongonan geothermal field.   For the Maibarara EPC contract, EEI has tapped Tokyo’s Fuji Electric Co., Ltd. (Fuji Electric) for the design, manufacture, delivery, and testing of the main equipment for the 1×20 MW Maibarara geothermal power plant while EEI itself will undertake the civil works, electromechanical, erection,  balance of plant requirements, and over-all project management.

 

MGI also signed with Fuji Electric an agreement for services related to the operations and maintenance of the main equipment for the 1×20 MW power plant.  The contract with Fuji Electric provides for real-time remote monitoring from Fuji Tokyo of the Maibarara power plant performance commencing from the date of actual commercial operation. The agreement also covers technical advisory services to MGI for the dispatch of Fuji power plant personnel to handle regular and emergency plant check-up to begin after the lapse of the EPC one-year warranty period.

 

MGI President Francisco Delfin, Jr. declared “the signing of the two contracts mark another significant milestone in MGI’s timely and substantive compliance to our DOE service contract commitments”.  He also welcomed the two private firms in the Maibarara project’s growing network of partners that include several national government agencies and local government units whose on-going support have ensured the steady progress of the venture towards eventual commercial operation.

 

Roberto Jose Castillo, EEI President and CEO, assured MGI that it will render the highest quality of engineering design, construction, and management to the EPC contract.  “EEI, along with our sub-contractors, will bring nearly 30 years of geothermal construction experience in this venture to give MGI significant value for its money,” Castillo stated.

 

Fuji Electric Sales Manager Kazushige Yokoyama declared that the selection of Fuji Electric as a main equipment supplier and as technical advisor for plant operations and maintenance testifies to Fuji Electric’s well deserved reputation as a global leader in the manufacture of geothermal power plant equipment.

 

For his part, DOE Director Mario Marasigan welcomed the signing of the contracts and commended MGI for its demonstrated and faithful compliance to its DOE obligations. Marasigan declared that “the signing brings the project closer to its 2013 target commercial operation date that will add baseload, clean, and renewable energy to the Luzon grid at the time when the Grid is projected to experience supply constraints.”