PHILIPPINES SETS ENERGY BUDGET FOR 1992 THROUGH '98

Philippine National Oil Co. (PNOC), Manila, has earmarked 32.7 billion pesos ($1.4 billion) to tap domestic energy sources during 1992-98. The biggest share, 14.5 billion pesos ($625 million) or 44.4%, will go for geothermal resource projects planned to add about 995,000 kw of power. PNOC Pres. Monico Jacob said the accent is on geothermal resource development because of "massive" power shortages experienced in the first half of this year.

Sep 21st, 1992
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