Japanese Marubeni, having built two geothermal power plants at Mount Apo in the Philippines the company is now being honored for the social contribution to the local community, particularly to the indigenous people. Marubeni’s Philippino subsidiary is Marubeni Philippines.

This is reported by local papers and it is referred to the educational assistance and livelihood projects to local tribes at the foot of Mount Apo. Marubeni’s president will attend an award ceremony at the city of Kidapawan in proximity to the plants.

Marubeni, so the article, will turn the operation and maintenance of the two geothermal power plants to EDC. Marubeni Energy Services Corp is the O&M company for the two plants in Mindanao (Mindanao 1 & 2 Geothermal Partnership).

The plants were originally constructed under a 50-50 equity sharing arrangement with American firm Oxbow Power. The 10-year energy conversion agreement is to end this year. Marubeni is currently considered the largest foreign independent power producer, holding around 14% of the total installed plant capacity in the Philippines.

Source: MindaNews (Philippines)