PSEi perked up by news of geothermal unit reopening, expected cut in SDA rates

The Department of Energy has asked Energy Development Corp, the country’s largest geothermal producer, to submit a “holistic” rehabilitation plan for the Upper Mahiao field in Leyte to prevent the occurrence of a landslide, similar to what happened last month.

The rehabilitation plan is expected to be included in an evaluation that the Lopez affiliate has yet to submit to the government, said Mario Marasigan, director of the renewable energy management bureau at the DOE.

But Marasigan did not disclose whether the DOE had imposed a deadline on EDC regarding the submission of its evaluation to the government. He only confirmed that the review and evaluation, particularly of the hazard-prone areas as directed by the DOE, are still ongoing.

The energy official explained that EDC has to first complete the assessment of the hazard-prone areas before it can come up with a rehabilitation plan so that the approach that will be taken will be “holistic and will include prevention of similar or related accidents.”

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