Economic and Financial Aspects of Geothermal Energy Utilization: A Philippine Experience
- Key words
- Economic; Power Generation; Philippines; Avoided Costs; Project Forecasts; Project Assessment
- Location
- Philippines
- Conference
- Geothermal Resources Council Transactions
- Year
- 1990
- Session
- Economics; Energy markets
- Language
- English
Abstract
This paper reports on the historical development of geothermal energy in the Philippines, its present status and future possibilities. It also illustrates the average power generation and utilization form primary energy sources (hydro, oil, coal, and geothermal energy) in the country from 1981 to 1988. A comparison is made between electricity generating costs and results of operations from these power sources, showing that geothermal energy utilization is very competitive. Moreover, it also discusses the economic viability of geothermal energy utilization as a result of separate studies conducted by World Bank and an Italian energy consulting firm.
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