Energy Development Corporation
Energy Development Corporation is the largest producer of geothermal energy in the Philippines and the second largest in the world. It is involved in geothermal, hydro and wind energy projects. The company was formerly owned by the Philippine National Oil Company, a state corporation owned by the Republic of the Philippines engaged in the exploration of resources, production of energy and distribution of power supply to smaller electricity distributor. EDC was privatized and acquired by the Lopez group as part of its energy and power supply utility business units.
History
EDC used to be a subsidiary of Philippine National Oil Company. It was privatized and sold to First Philippine Holdings Corporation, a Lopez-owned and controlled corporation involve in energy and power supply generation business.
Affiliates
First Gen is the operator of the 132 megawatts Pantabangan Hydroelectric Powerplant and Masiway Hydroelectric Powerplant both in Pantabangan, Nueva Ecija.
Green Core is the operator of the 305 megawatts Tongonan and the Palinpinon geothermal plants in Leyte and Negros Oriental respectively.
Powerplants
- Tongonan Geothermal Powerplant (operated by Green Core)
- Palinpinon Geothermal Powerplant (operated by Green Core)
- Pantabangan Hydroelectric Powerplant - 120 MW (operated by First Gen)
- Masiway Hydroelectric Powerplant - 12.5 MW (operated by First Gen)
- BacMan Geothermal Production Field (operated by EDC)
- Malitbog Geothermal Power Station
- Burgos Wind Farm (completion date -- 3rd quarter 2014) [1]
References
- ^ Calderon, Justin (5 March 2013). "Philippine tourism to create 3.6m jobs". Inside Investor. Retrieved 23 May 2013.
External links
- http://www.energy.com.ph (official website)
