Turboden S.p.A., a group company of Mitsubishi Heavy Industries Ltd. and Mitsubishi Power Ltd. partnered with Energy Development Corp. (EDC) for the supply of a 29 megawatts (MW) binary cycle power generation equipment to be installed at the latter’s Palayan geothermal power plant in the Bicol region.
The company said the project will be completed by the end of next year.
The project will enable the use of brine to generate power. This product of geothermal power operations is currently being returned to a reinjection well.
Under the deal, Turboden will provide the complete power generation system while Mitsubishi Power will provide support through its local resources.
The project has been selected for the financing program for joint crediting mechanism model projects by Japan’s Ministry of the Environment and its execution body, the Global Environment Centre Foundation.
EDC did not disclose the total amount involved in the development of the project.
The new 29 MW binary cycle power generation configuration is also expected to lower carbon dioxide emissions by approximately 72,200 tons per year which is equivalent to around 20,000 hectares of forest.