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PH and New Zealand will continue to work together on geothermal energy.
The Philippines and New Zealand will continue to discuss geothermal energy collaboration.
The Second Amendment to the Arrangement on Geothermal Energy Cooperation between the Philippines and New Zealand was signed on Friday by DOE Secretary Alfonso Cusi and New Zealand Ambassador to the Philippines Peter Kell.
This increasing interest in cooperation, according to Cusi, is in line with the country’s desire for indigenous energy as a source of power.
“We applaud the formalization of the Second Amendment to the Geothermal Energy Cooperation Arrangement, which comes at such an ideal time, given that one of our key goals is to reinvigorate the state of geothermal energy production and usage in the Philippines,” he added.
Under the terms of the agreement, best practices and technical experience in the field of geothermal energy will be shared.
The government previously received developing geothermal fields from New Zealand in Tongonan, Leyte, and Southern Negros Geothermal in Negros Oriental, all of which are still operational.
In order to promote new energy sources, the DOE has liberalized the geothermal industry by allowing 100% foreign ownership.
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This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.
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