The approval allows the company to begin commercial operations at its geothermal plant.

In September 2011, the company received PHP2.4bn ($55.5m) loan from Rizal Commercial Banking and Bank of the Philippines to partially fund the project.

Construction work on the project were initiated in April 2012 and the system is expected to become operational in the fourth quarter of 2013.

Under the 2008 RE Law, declared by the Department of Energy in 2011, the project consists of three components including the steam-field, power plant, and transmission facility.

The company has started tests on the steam-field in the second quarter of 2013 and completed by the third quarter when steam quality and quantity passed, while steam blowing of the power plant was started and completed in August 2013.

The 69kV transmission line was energized with feedback power in mid-September 2013, and a series of mechanical and electrical tests of the power plant’s main equipment, supplied by Fuji Electric, were done.