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The Tongonan Geothermal Power Station [1] is a 232.5 MW geothermal power plant or an earth steam turbined electric generator—the world's largest geothermal power plant under one roof located in Tongonan, Kananga, Leyte, Philippines. The power plant is one of four operating in the Leyte Geothermal Production Field. [1]
As of 2017, the International Renewable Energy Agency estimates the Philippines' net installed geothermal energy capacity to at 1.9 gigawatts (GW)—out of the global geothermal installed capacity of 12.7 GW ranking behind the United States (2.5 GW) and ahead of Indonesia (1.5 GW). [10]
The Philippines utilizes renewable energy sources including hydropower, geothermal and solar energy, wind power and biomass resources. [citation needed] In 2013, these sources contributed 19,903 GWh of electrical energy, representing 26.44 percent of the country's electricity needs. [1]
The cost of energy production depends on costs during the expected lifetime of the plant and the amount of energy it is expected to generate over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [5]
Estimates suggest that superhot rock geothermal could supply electricity at costs between $20 and $46 per megawatt-hour, comparing favorably with natural gas, wind, and solar power, currently at ...
The Makiling–Banahaw (Mak–Ban) Geothermal Power Plant was developed to harness the geothermal resources of the Mak–Ban or Bulalo field. The Chevron Geothermal Philippine Holdings, Inc., under a service contract with the state-owned National Power Corporation (NPC) commissioned the geothermal station field in 1979. [2]
The average cost to install a gas furnace and air conditioner is $14,300, according to Electric Services director Donald Kom, while the average geothermal well costs $30,771 to install.
Enhanced geothermal systems tend to be on the high side of these ranges, with capital costs above $4 million per MW and levelized costs above $0.054 per kW·h in 2007. [ 51 ] Research suggests in-reservoir storage could increase the economic viability of enhanced geothermal systems in energy systems with a large share of variable renewable ...