"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.
Ya eres suscriptor? Conectar
WORLD-CLASS HOSPITAL CARE GOES TO THE BARRIOS
A nation that cannot take care of its own would be no better than a failed state.
SUSTAINED EXCELLENCE: Iloilo City finishes strong in 2024 with achievements, awards
As 2024 draws to a close, Iloilo City stands tall, capping off the year with remarkable achievements and awards, evidencing its sustained progress and excellence.
PCG challenges China ‘monster ship' seen near Zambales
The Philippine Coast Guard (PCG) challenged the largest ship of the China Coast Guard (CCG), which was spotted 54 nautical miles off Capones Island, Zambales on Saturday.
Suspension of higher SSS contributions sought
Private school teachers are calling for the immediate suspension of the hikes for Social Security System (SSS) contributions this year, expressing worries about \"further erosion of already insufficient take-home pay.\"
Admirable Fresh Poetry
First collections of poetry naturally serve as early indications of literary worth, often beyond promise.
LADIES AND GENTLEMEN, WE ARE FLOATING IN SPACE...
\"A radiant explosion of a novel.\" -JAMIE QUATRO ORBITAL A NOVEL SAMANTHA HARVEY
Silverlens Presents Pacita and Pio Abad at S.E.A. Focus 2025
For its first art fair of 2025, Silverlens is pleased to return to S.E.A. Focus with a duo presentation of Filipino diaspora artists Pacita Abad and nephew Pio Abad, marking the first time they are presented together in Singapore.
RJ Jacinto and his guitar gizmos
Ramon Jacinto has thoroughly mastered the guitar.
Art SG returns for 'Visionary' 3rd run
Art SG, the leading international art fair for Singapore and Southeast Asia, announces its third edition in Singapore from Jan. 17 to 19, 2025 (VIP Preview and Vernissage on Jan. 16, 2025), featuring an exceptional lineup of exhibitors from numerous countries and territories.
NET25's Banner Year Ends With Star-Studded Countdown
Last Tuesday, Dec. 31, the excitement was palpable in the Philippine Arena in Bocaue, Bulacan, as thousands of eager spectators gathered for NET25's annual New Year's Eve Countdown, which was set to begin at 9 p.m. that night.
