Macquarie confers ESG Award for Social Impact to EDC

Energy Development Corporation (EDC), the Philippines’ premier 100% renewable energy firm, was bestowed an ESG Leadership Excellence Award for Social Impact by its shareholder, Macquarie Asset Management (MAM). A global asset manager renowned for its sustainable investments that generate long-term results for its clients, portfolio companies, and communities, MAM has been commending its portfolio companies […]

First Gen renews power deal with Murata for 100% RE supplyFirst Gen renews power deal with Murata for 100% RE supply

MANILA – Lopez-led First Gen Corp. has renewed its power supply agreement with Japanese electronics manufacturer Murata to energize its Batangas plant with 100-percent renewable energy. In a statement Tuesday, First Gen said its subsidiary Energy Development Corp. (EDC), which operates the Bacon-Manito geothermal facility in Bicol, will supply clean energy to Murata’s unit here, Philippine […]

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 […]