Philippine Geothermal Production Co. Inc. (PGPC), a unit of SM Investments Corp., has commenced geothermal exploration at Mt. Malinao in Albay using its Pioneer 1 drilling rig.
The project aims to generate up to 49 megawatts of geothermal power, contributing to PGPC’s goal of delivering 300 MW across Luzon in the coming years.
Mt. Malinao is one of several new concession areas the company is developing in geothermal-rich provinces.
PGPC’s efforts align with the Department of Energy’s 2040 target of 50% renewable energy in the power mix. The company currently operates the Tiwi and Mak-Ban steam fields, supplying geothermal energy since 1979.
Source: PhilNews24 | April 8, 2025
