Energy Development Corporation

  

With an increasing global demand for clean energy, the Energy Development Corporation (EDC), the Philippines’ leading producer of geothermal energy and acknowledged world leader in wet steamfield technology, is well positioned to lead the path to a low carbon and sustainable future. With over three decades of experience, vertically integrated operations, and end-to-end expertise in geothermal development, EDC has solidified its supremacy in geothermal technology.

As global economies increasingly demand for clean energy, the Energy Development Corporation (EDC), the Philippines’ leading producer of geothermal energy and acknowledged world leader in wet steamfield technology, is well positioned to lead the path to a low carbon and sustainable future. With over three decades of experience, vertically integrated operations, and end-to-end expertise in geothermal development, EDC has solidified its supremacy in geothermal technology.

Operating 1,130 MW of fully integrated geothermal plants representing 61% of the installed power generation capacity in the Philippines, EDC is largely credited for making the Philippines one of the largest producers of geothermal energy in the world. EDC’s efforts to develop geothermal as a clean, renewable and indigenous source of energy have substantially reduced the country’s dependence on imported oil and helped diversify the Philippine power mix. Geothermal now accounts for 21% of the country’s primary energy mix next to oil which is at 36%.

EDC has diversified its clean energy portfolio with the acquisition of a strategic stake in the 132MW Pantabangan-Masiway Hydro Electric Power Project in 2009, and the development of the 87MW Burgos wind power project that will be commissioned by 2015.In international shores, EDC will be venturing into prime geothermal concessions in Chile, Peru and Indonesia.

Geothermal projects
At present, EDC operates geothermal projects in the Philippines spread across four geothermal concession areas for a total installed capacity of 1,130 MW. Through its 60% equity interest in First Gen Hydro Power Corporation, the company indirectly operates the 120 MW Pantabangan and 12 MW Masiway Hydroelectric Power Plants in Northern Philippines (Luzon).

The Leyte Geothermal Power Complex is the largest of its kind in the world capable of producing 701 MW of clean reliable electric power – virtually a titan linchpin extending its reach from Central Philippines (Visayas) into Northern Philippines (Luzon). Interconnected via 96 kilometers of steam pipelines, Leyte houses four main power plants.

  The second largest of EDC’s facilities is the Southern Negros Power Complex which is a model   for compact steam field development. Its Palinpinon I and II Power Plants, with an installed   capacity of 192.5 MW, provide renewable energy to the province of Negros Oriental (in the   Visayas) and also to other provinces in Central Philippines.

  Beyond being home to richly diverse natural wonders and indigenous communities, Mount Apo   also hosts EDC’s 106-MW Mindanao Geothermal Power Complex – recognized as a model for   sustainable development in the geothermal industry. Harnessed by EDC through environmentally   sound and socially accepted development, the Mindanao Geothermal Project provides Southern   Philippines (Mindanao) with power that is not only green but is also sustainable.

  The 130-MW Bacman Geothermal Power Complex will provide EDC with a foothold in the   electricity markets in Northern Philippines (Luzon). The Company is now 100% vertically integrated in its areas of operations.

                      

Developing more indigenous power In keeping with its objective to develop more indigenous power that would not only be benign but also protective of the environment, EDC has a 60% equity in two hydropower projects: the 120-MW Pantabangan and 12-MW Masiway hydropower plants located in Northern Luzon. EDC is also developing an 87 MW Wind Power Project in  North Luzon.

With 37 years of experience in geothermal exploration, development and operation, EDC’s technical expertise spans the entire length of the geothermal value chain. Its operations are backed by a highly skilled workforce composed of 750 geothermal specialists with an average of 15 years of service who have successfully navigated the geothermal development process time and again, through skillful execution –managing risk with science and skill. EDC’s pool of technical experts provides the company with a formidable platform on which they can grow the existing business franchise, and also develop new renewable energy projects. The company’s skilled work force is given full support by an experience-rich board of directors and senior management team.

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