The Philippines and New Zealand have renewed their cooperation for the development of geothermal power resources.
Department of Energy Secretary Alfonso Cusi and New Zealand Ambassador to the Philippines David Strachan signed a memorandum of understanding (MOU) to amend the two nations’ Geothermal Energy Corporation.
The memorandum has extended the arrangement until October 2020.
This aims to further strengthen and enhance the cooperation between the Philippines and New Zealand of the geothermal energy cooperation through government-level collaboration and facilitation of private sector activities.
The amendment also signifies the continuous exchange of experience and technical assistance in the field of geothermal energy exploration, development, and utilization through capacity building and share of information, knowledge, and trends on geothermal energy.
The Philippines has been receiving technical assistance and innovation solutions for geothermal energy from New Zealand since the 1970s.