EDC featured in CNN’s Eco Solutions
CNN’s Eco Solutions is featuring EDC and geothermal energy, filmed in Leyte, site of the world’s largest wet steam field. Leyte Geothermal Production Field Resident VP Manuel Paete appears in the 2-minuter feature. Pres. and COO Richard Tantoco provides a commentary. Catch the episode which runs for the next two weeks at CNN. It was […]
Staying the Course
Four years ago, Juvilyn Ahit, John Mark Edar, Rechie Maghari and Gemar Magsayao are all youth residents of Kidapawan. For a time, they all had noble aspirations to help uplift their families’ economic conditions. They wanted to be able to contribute to their community as well but saw no clear path to reach those dreams. […]
EDC 2012 core net income rises 89% to Php9.89 billion
Energy Development Corporation (EDC), the country’s leading producer of geothermal energy, posted a consolidated recurring net income of Php 9.89 billion in 2012, up 89 percent jump from Php 5.24 billion in 2011. “Our significant investments in the rehabilitation of our recent power plant acquisitions drove the Company’s growth in Net Income in 2012,” […]
Bacman Power Plant Units 1 & 2 declares commercial operations
Geothermal leader Energy Development Corporation (EDC) declared commercial operations for Units 1 & 2 of its Bacman Geothermal Project effective February 25, 2013. “For the past 3-4 weeks, Bacman Units 1 & 2 have been generating energy during their testing and reliability runs. Both 55 MW units have been operating at full load since […]
EDC 2012 core net income rises 89% to Php9.89 billion
Energy Development Corporation (EDC), the country’s leading producer of geothermal energy, posted a consolidated recurring net income of Php 9.89 billion in 2012, up 89 percent jump from Php 5.24 billion in 2011. “Our significant investments in the rehabilitation of our recent power plant acquisitions drove the Company’s growth in Net Income in 2012,” […]
