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Showing posts from September 5, 2018

Imperative 35: 14th vision: 1st World CSR companies' Philippine geothermal plants

    The Philippines has over a hundred geothermal wells, volcanic fumaroles, geothermal vents and hot springs with kilowatt or megawatt potential each.  Technologies for generating electricity out of low-temperature (300 deg.C or so) hot springs and fumaroles already exist in the 1st World.  Groups of twenty or so 1st World CSR companies may thus partner with a geothermal construction company to raise capital and acquire million-dollar loans or investments from the World Bank, Asian Development Bank, climate change Funds, State Aid agencies, CSR companies, etc., towards set up of scores of Philippine geothermal plants all at the same time.      Philippine geothermal plant loans should be charged ultra-low interest and be payable on long-term (15-20 years) for the sake of greenhouse gas reduction. Additionally, geothermal power plants enjoy sure markets and high profitability as they spend next to nothing on fuel, which is the top expense for coal and petrochemical power plants.  Co