Energy Development Corporation is a geothermal energy industry pioneer and the recognized world leader in wet steam field technology. In the Philippines, EDC is the largest vertically integrated geothermal company, delivering 1,457.8MW of clean and renewable energy. We continue to diversify our renewable energy portfolio through investments in hydropower, solar power and wind energy projects in the Philippines. With almost 40 years of geothermal mastery, EDC is set to deliver the benefits of sustainable geothermal development to communities around the world as it ventures into Latin America and Indonesia.
EDC is part of the First Gen Corporation (“First Gen”) Group, which has the largest portfolio of power plants using clean and renewable technology in the Philippines. First Gen’s 16 power generation plants have a combined capacity of 2,763MW. First Gen has one of the cleanest power portfolios in the country with its entire power generation portfolio utilizing fuels such as geothermal steam, water, and natural gas.
Wind power complements EDC’s existing power generation assets including the baseload geothermal plants, as well as, the Pantabangan hydroelectric plant, which serves as a peaking plant.
EDC has become the leading geothermal energy producer in the Philippines through the successful development and operation of numerous geothermal energy projects. Since 1983, the Company has successfully developed, financed, built, and operated seven geothermal steamfields in five geothermal contract areas, containing both wet and dry steam. These steamfields currently supply geothermal steam to geothermal power plants with an aggregate installed capacity of 1,130 MW. In addition, the Company currently, directly and indirectly, owns and operates eleven geothermal power plants with a total installed capacity of 1,169 MW. EDC, through its indirect wholly owned subsidiary Green Core Geothermal, Inc., operates the 192.5MW Palinpinon and 112.5MW Tongonan geothermal power plants. Bacman Geothermal, Inc., another indirect wholly owned subsidiary of EDC, operates the 130MW Bacman geothermal power plant. The Company believes this track record has enabled it to develop the expertise needed to assess the feasibility of future acquisitions and greenfield projects, ensure the safe and efficient construction of power plants, and provide for efficient power plant operations.