Nickel Asia unit’s geothermal service contract scrapped by DOE - The Manila Times
Nickel Asia unit’s geothermal service contract scrapped by DOE - The Manila Times Published November 30, 2025 Nickel Asia's Geothermal Service Contract Terminated by DOE Nickel Asia Corporation (NAC) has recently announced that its subsidiary, the Philippine Geothermal Production Company, has had its geothermal service contract terminated by the Department of Energy (DOE). This development comes as part of the government’s ongoing efforts to streamline energy operations and ensure compliance with regulatory standards. The DOE’s decision to rescind the geothermal service contract was officially communicated to Nickel Asia through a letter dated September 29, 2023. The termination affects Geothermal Service Contract No. 2009-01, which was originally awarded in 2009. The contract covered a geothermal area located in the province of Leyte, where the company had been exploring for potential geothermal resources. In its response to the DOE’s action, Nickel Asia expressed its disappo...