By Alexander Richter | thinkgeogenergy.com
QUICK READ: Energy Development Corporation (EDC) continues pushing ahead with geothermal development plans and investment in Peru, Chile and Indonesia, while also pushing capacity additions at its geothermal power plants in the Philippines.
Despite the ongoing challenges due to the covid-19 pandemic, the Philippines’ Energy Development Corporation (EDC) has indicated it will continue with its planned investments into international geothermal development. The company plans to push forward in Peru, Chile, and Indonesia, while also expanding within the Philippines, so the Manila Bulletin.
In a statement to the paper, Richard B. Tantoco, EDC President and Chief Operating Officer said “we are continuing with our pre-development works in Indonesia, Peru, and Chile for potentially larger capacity additions.”
In Indonesia, the company plans development at the geothermal working area of Graho Nyabu with a local partner. The company has received a drilling permit for one well within three years of signing the concession documents last year.
EDC has several other geothermal licenses in Peru and Chile. With limited news on the progress of the projects in the past year or two, it now seems to push forward on the projects, as we reported.
EDC further continues with plans for expansion of existing hydro and geothermal power plants, having earmarked $137-158 million for this in 2020.
EDC plans to expand its power generation capacity by 80 MW at existing geothermal power plants with binary cycle technology additions particularly at “Bacman (Bacon-Manito); in Leyte and Mount Apo plants,” according to Tantoco.
Based on EDC’s application lodged with the Department of Energy, it is eyeing 29 MW of capacity addition via its proposed Palayan binary geothermal facility; and another 20 MW from the Tanawon geothermal development venture at its BacMan plant in Albay and Sorsogon provinces.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.