MANILA (AFX-ASIA) – Philippine National Oil Co unit Energy Development Corp said it will be spending 360 million pesos on geothermal drilling in four areas in Leyte province, central Philippines, within the year. (US$1=50 peso). If proven to be commercially viable, electricity to be generated from the drilling areas will power the planned Kabalian power…
PHILIPPINES: PNOC-EDC to invest 360 million pesos in geothermal drilling
Posted on August 26, 2002 by EnergyAsia