EcoNews

The World Geothermal Energy Summit, to be held in the Philippines from 7-9 December, aims to blaze a trail for mass renewable energy in Asia.

"Connecting technology, financing and regulation towards a level playing field in geothermal energy advancement," is what the conference is all about according to the Philippines President Benigno Aquino.

The President noted that the goals are for the Philippines to be the number one geothermal energy producer in the world.

He said this would come about when the Philippines added a planned 1475 megawatts (MW) of capacity, which would see it overtake the United States in the process.

The conference brings together all the stakeholders from across the geothermal spectrum - government regulators, investors and investment managers, energy developers, and geothermal industry players from key countries - to find solutions to financial, regulatory and technical challenges and to increase the role of geothermal in the world's energy mix.

Amongst other things the seminar will offer:

• Accessinside informationon government initiatives and incentives that level the playing field
• Gain insights into what would make funding organizationsexcited to financeyour projects
• Revealinvestment risksand ways to mitigate them
• Harnessavailable sitesthat will drive your portfolio growth
• Discovergeothermal energy technology developments
• Benchmark and partner with players inglobal growth areas
• Global and regionalgeothermal market analysisand trends
• Regulatory frameworks, market overview, development and forecastsof key countries
• Technical considerations incommercializing geothermal energy
• Economicallysound funding sourcefor your geothermal project andensuring returnsto current shareholders

The World Geothermal Energy Summit 2011 spans three days from 7-9 December 2011, divided into workshops, case studies, President's Investor Breakfast and site tour at the Makban Geothermal Steamfield and Power Plants in Laguna/Batangas, sponsored by AP Renewables, Inc.

The President Investor Breakfast will be held at the Diamond Hotel Manila on December 9 and is being organised by regional think tank, the Centre for Energy Sustainability and Economics (CESE) and promoted by business media company Arc Media Global.

"We will not stop working until the operation of all these projects is ensured. We will continue making opportunities for similar renewable energy projects that ultimately pay more dividends to the Filipino people," said President Aquino.

Keynote speakers will be the Secretary of Energy for DEPARTMENT OF ENERGY, REPUBLIC OF THE PHILIPPINES Jose Rene Almendras; Country Head for INTERNATIONAL FINANCE CORPoration, Jesse Ang; Market Surveillance Committee of WHOLESALE ELECTRICITY SPOT MARKET, Prof Eulinia Valdezco; President of AP RENEWABLES INC, Michael Pierce; Executive Director for Policy, ASIAN INSTITUTE OF MANAGEMENT Dr Frederico Macaranas; First Vice President and head of Business Development, ABOITIZ POWER, Ray Cuningham and Geothermal Resources Specialist (Consultant), ASIAN DEVELOPMENT BANK, Francis Benito.

The Event