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                    [ArticleID] => 143099
                    [Title] => Geothermal firm seeks lower royalty payments to government
                    [Summary] => The Philippine Geothermal Inc. (PGI), one of the country’s largest geothermal power developers, is pushing for the reduction in the royalty paid by geothermal contractors to the government to 1 1/2 percent of gross revenues.


PGI president Stephen Pye said at present, geothermal operators pay royalties as much as 60 percent of net revenues to the government which is higher compared to other neighboring countries.


Pye said in Indonesia, geothermal operators pay only 34 percent, or 50 percent lower than the royalties paid in the Philippines.


                    [DatePublished] => 2001-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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STEPHEN PYE

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                    [ArticleID] => 143099
                    [Title] => Geothermal firm seeks lower royalty payments to government
                    [Summary] => The Philippine Geothermal Inc. (PGI), one of the country’s largest geothermal power developers, is pushing for the reduction in the royalty paid by geothermal contractors to the government to 1 1/2 percent of gross revenues.


PGI president Stephen Pye said at present, geothermal operators pay royalties as much as 60 percent of net revenues to the government which is higher compared to other neighboring countries.


Pye said in Indonesia, geothermal operators pay only 34 percent, or 50 percent lower than the royalties paid in the Philippines.


                    [DatePublished] => 2001-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Geothermal firm seeks lower royalty payments to government

By Donnabelle L. Gatdula | December 10, 2001 - 12:00am

The Philippine Geothermal Inc. (PGI), one of the country’s largest geothermal power developers, is pushing for the reduction in the royalty paid by geothermal contractors to the government to 1 1/2 percent of...

Business