"The de-risking facility is about $250 million," Energy Assistant Secretary Mylene Capongcol said on the sidelines of a conference hosted by the National Geothermal Association of the Philippines on Wednesday.
Initiated by the Asian Development Bank, the geothermal resource de-risking facility (GRDF) will cost-share exploration drilling with qualifying private developers to de-risk geothermal resources at the pre-development stage.
Although the GRDF has already been finalized, Capongcol said the Department of Energy (DOE) is still on the lookout for potential implementing partners and fund managers.
Esta historia es de la edición September 27, 2024 de The Philippine Star.
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Esta historia es de la edición September 27, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Dylan Menor hopes to carve a place in showbiz
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Klook contributes $7.2 B to Asia-Pacific tourism economy
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Bukidnon leads provinces in agri, fisheries output
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Semirara targets 16 MMT coal production this year
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