PHILIPPINE GEOTHERMAL PRODUCTION

Philippine Geothermal Production Inc. (PGPI) is a producer/operator of geothermal energy facilities, which can be categorized as an industrial operation akin to a factory or power producer, rather than a trader.

Company Introduction:

Philippine Geothermal Production Inc. (PGPI) is a leading renewable energy company in the Philippines, specializing in the exploration, development, and operation of geothermal steam fields. The company plays a crucial role in providing a sustainable and indigenous source of energy for the country.

PGPI's core business involves extracting high-pressure steam from underground geothermal reservoirs. This steam is then supplied to geothermal power plants, which convert it into electricity for the national grid. Historically, PGPI has been instrumental in the development and operation of the Philippines' first and largest geothermal projects, particularly the Tiwi and Mak-Ban geothermal fields, located in the provinces of Albay and Laguna/Batangas, respectively.

As a pioneer in the Philippine geothermal industry, PGPI has significantly contributed to the nation's energy security and environmental sustainability by harnessing this clean, baseload power source. The company was formerly a subsidiary of Chevron Geothermal and was later acquired by the Sy family's SM Investments Corporation, further solidifying its local ownership and commitment to the Philippine energy sector. PGPI's operations are fundamentally industrial, focused on the continuous production and delivery of geothermal steam.

The primary product produced and sold by PHILIPPINE GEOTHERMAL PRODUCTION is electricity.