In addition, MGI also confirmed a larger geothermal reservoir in Maibarara with the a hit step-out drilling and final touch of well MB-15D, which has at least ~6 MWe output.
MGI is currently constructing the steamfield and electricity plant additives of Maibarara-2, a 12 MWe expansion within the present advanced website aimed for business operations with the aid of overdue 2017.
This extra investment comes after MGI secured a P1.Four billion loan with Rizal Commercial Banking Corporation and signed a long-time period strength sales contract with Phinma Energy in January 2016.
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