EDC inaugurates 28.9-MW Palayan Bayan binary geothermal power plant, Philippines
Originally published on thinkgeoenergy.com The Energy Development Corporation (EDC) has officially inaugurated the 28.9 MW Palayan Bayan binary geothermal power plant (PBGPP) in the province of Albay in the Philippines. The binary power plant, built at a cost of Php 7 billion (approx. USD 120 million), expands on the existing 140-MW Bacon-Manito (BacMan) facility. The PBGPP was successfully […]
EDC Lists PHP10 Billion Second Tranche Fixed Rate ASEAN Green Bonds
On May 27, 2024, Energy Development Corporation (EDC) listed PHP10 billion Fixed Rate ASEAN Green Bonds, the second tranche of its PHP15 billion ASEAN Green Bonds shelf registration, in the Philippine Dealing & Exchange Corp. (PDEx). The PHP5 billion first tranche bonds were issued and listed on June 25, 2021. EDC President and COO Jerome […]
SEC approves EDC’s Php10B Second Tranche ASEAN Green Bonds
On May 10, 2024, the Securities and Exchange Commission issued the Certificate of Permit to Offer Securities for Sale for the second tranche of EDC’s Fixed Rate ASEAN Green Bonds amounting to a base issue size of PHP6.0 Billion, with a PHP4.0 Billion oversubscription option (the “Green Bonds”). The Green Bonds are priced at the […]
EDC Fosters Environmental Stewardship through Forest Protection Deputation Training in Leyte
Burauen, Leyte – Committed to forge collaborative pathways toward a decarbonized and regenerative future, First Gen-owned Energy Development Corporation (EDC) recently conducted their annual Deputation Training for Barangay Forest Protection Brigades (BFPBs) and Protected Area Park Rangers of the Community Environment and Natural Resources Office (CENRO) on March 13-14, 2024 at the Mahagnao Volcano Natural […]
Elevate together at 48
In a simple yet heartwarming town hall gathering, First Gen-owned Energy Development Corporation marked its 48th anniversary alongside its esteemed leaders and steadfast employees. The occasion served as an opportunity for recently appointed President and COO Jerome H. Cainglet, and Vice Chairman and CEO Francis Giles Puno, to forge deeper connections with their EDC Kapamilya. […]
EDC and AIM to Establish Cutting-Edge Innovation Lab
MAKATI, Philippines – In a pivotal partnership aimed at fostering innovation, the Asian Institute of Management (AIM) has received a PHP10 Million donation from the Energy Development Corporation (EDC) for the development and naming of its Innovation Laboratory. The Memorandum of Agreement signing, held on 2 February 2024 at the AIM Main Lobby, marks a […]
Exergy receives third repeat order with EDC
Originally published on energyglobal.com Exergy International, a global provider of clean energy technology and leader in new generation geothermal ORC power plants, has been awarded a new contract by Energy Development Corp. (EDC) for the supply of a 5.6 MWe binary system in Barangay Mailum, Negros Occidental, the Philippines. The power plant will be commissioned […]
Energy Development Corporation is Awarded a USTDA Grant and Selects GreenFire Energy Inc. for Geothermal Power
Originally published on greenfireenergy.com GreenFire’s GreenLoop™ Technology to Increase Power Production at EDC’s Mahanagdong Geothermal Field in Leyte, Philippines SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. is proud to announce that Energy Development Corporation (“EDC”) has been awarded a significant grant from U.S. Trade and Development Agency (“USTDA”). With the grant, EDC has selected GreenFire Energy Inc. to use its GreenFire’s GreenLoop™ (“GreenLoop”) […]
FGen-EDC to supply cheaper power to Bohol
Originally published on pia.gov.ph CORTES, Bohol (PIA) — Consumers in Bohol might soon see a lowering of their electricity bill with the re-entry of geothermal energy in the island. First Gen’s 100% renewable energy arm, Energy Development Corporation (EDC), is set to sign a supply contract for around 50 megawatts of power to Bohol. This […]
Conquering digital inequality: EDC, LiteHaus provide over 300 laptops to schools in Albay and Sorsogon City
SORSOGON, Philippines, 5 January 2024 — First Gen-owned Energy Development Corporation (EDC), the country’s leading renewable energy producer, continues its partnership with Australian-based non-profit organization LiteHaus International by providing of a total of 330 laptops to 22 elementary schools in Albay and Sorsogon City to further assist students in today’s technological era of online learning. […]
