thinkgeoenergy.com 09 Nov, 2016
Maibarara Geothermal Inc. (MGI) has held a groundbreaking event in late October 2016 for the 12 MW Maibarara-2 Geothermal Power Facility (MGPF) expansion project in Sto. Tomas, Batangas. Maibarara-2 is targeted to be on-line by 4Q, 2017. The 20MW Maibarara-2 project was based on the successful drilling, completion, and from testing of wells MB-15D and MB16RD in 2014-2015. An offtake agreement for M2 was signed with Phinma Energy and a project loan with Rizal Commercial Banking Corp. (RCBC).