First Gen unit aims to complete two geothermal projects by next year

BusinessWorld
April 8, 2021 | 12:07 am
FIRST GEN Corp. said on Wednesday that its subsidiary Energy Development Corp. (EDC) plans to complete two of its geothermal projects by 2022, as the parent firm expressed its intention to expand into businesses that complement its power generation operations.
In its annual report, First Gen said that EDC is expecting to begin the construction of its 3.6-megawatt (MW) Mindanao 3 binary plant by the first quarter this year, and complete the project by the first half of 2022.
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It added that it plans to complete its 28.9-MW ORC (organic rankine cycle) binary plant within the Bac-Man geothermal facility by the second half of 2022. The Palayan Bayan-based binary plant will produce power using residual brine from the existing steam field of the Bac-Man facilities.

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