Govt dangles perks for geothermal developers

Quick Summary:

QUALIFIED geothermal power developers will be entitled to financial assistance that may cover almost half of their drilling and exploration expenses, according to Energy Undersecretary Mylene Capongcol.

A Journalism Graduate of Letran College, Lenie Lectura is a multi-awarded veteran beat reporter of highly regulated industries, telco and energy.

The Asian Development Bank (ADB) and the Department of Finance (DOF) are helping the DOE craft the mechanics and review the applications of interested geothermal firms.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: PhilippinesAustria

Topics: Power Development Plant Philippines “the Exploration Capongcol Drilling Geothermal Energy Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 16:22:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22708333

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 45 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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