Philippines' Lopez Group to pour $1bn into geothermal energy

Philippines' Lopez Group to pour $1bn into geothermal energy

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MANILA -- Philippine conglomerate Lopez Group plans to invest 60 billion pesos ($1.1 billion) in geothermal energy over the next three years as the country seeks alternatives to coal and its dwindling natural gas reserves. Group company Energy Development Corp., the Philippines' largest player in…

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