Ormoc City and EDC unveil monument honoring world’s largest geothermal steam field
Ormoc City, Leyte, Philippines — The City of Ormoc, together with First Gen-owned 100% renewable energy arm Energy Development Corporation (EDC), will celebrate the unveiling of EDC’s redesigned geothermal wellhead monument as part of the city’s 77th Charter Day festivities. This monument not only highlights EDC’s four decades of partnership toward a progressive Ormoc City […]
Lopez-led EDC investing P25 billion to drill new geothermal wells
Originally published on philstar.com MANILA, Philippines — Energy Development Corp. (EDC) of the Lopez Group is investing P25 billion to sustain steam flows at its massive geothermal project in Valencia, Negros Oriental. According to a document submitted to the Department of Environment and Natural Resources (DENR), EDC will use the capital to drill new wells […]
Indonesia awards geothermal concessions to EDC
JAKARTA – Energy Development Corporation (EDC), the all-renewable energy arm of Lopez-led First Gen, has been granted surface exploration and drilling rights also known as the preliminary survey assignments plus exploration (PSPE) for two greenfield geothermal projects in Indonesia. Indonesia’s Ministry of Energy and Mineral Resource awarded the PSPE for the Koto Sani Tanjung Bingkung […]
Globe Telecom Advances Net Zero Ambition in Partnership with First Gen on Renewable Energy
Originally published on itechsolutionph.com To advance its commitment to achieving net-zero emissions by 2050, Globe Telecom has renewed its strategic partnership with First Gen Corporation, a leading power generation company providing clean and renewable energy in the Philippines. Globe recently signed a supply agreement with First Gen Corporation (First Gen) to provide renewable energy […]
Telco firm, First Gen shift more Mindanao facilities to renewable energy
Originally published on mindanaogoldstardaily.com THE Philippines’ leading integrated telco network PLDT Inc. (PLDT) and its wireless unit Smart Communications, Inc. (Smart) are expanding their partnership with the country’s largest renewable energy (RE) producer, First Gen Corporation (First Gen) to switch six (6) network facilities in Mindanao to 100% RE. Among the facilities that are shifting […]
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. […]
