The objective of the Nasulo Geothermal Project is to help mitigate global climate change by facilitating the use of market-based mechanisms sanctioned under the Kyoto Protocol through support to clean energy projects in the Philippines. The Project will assist the Philippines in stimulating and accelerating the commercialization of renewable energy applications and markets at the grid-connected level in order to reduce greenhouse gas (GHG) and other emissions, while responding to increasing energy demand and the need for energy diversification.
The Philippines is heavily dependent on imported fossil fuels for its energy supply and by 2013 it is projected that 62 percent of its energy sector will rely on fossil fuels. The proposed 20 MW geothermal energy project will eliminate the need for equivalent capacity of fossil fuel-based generation to meet the projected power shortfall in the Visayas region, thus mitigating greenhouse gas emissions.
The Project has been well received by the local communities as is viewed as an addition to the existing geothermal operations which are already providing local benefits. The key stakeholders of the project are the National Government of the Philippines, the host Local Government Units and residents of Barangay Puhagan, Municipality of Valencia and Province of Negros Oriental. The local governments and residents benefit from increased royalty receipts and other law-mandated funds from the project. In addition to the law-mandated benefits, the project sponsor has been organizing local communities and providing them with alternative livelihood under its Watershed Management Program. The sponsor has developed very positive and close relationships with the surrounding communities within and outside the geothermal reservation.
¹Project descriptions are current as of project inception.