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 […]
Threatened tree species take root in new SU-EDC arboretum
Valencia, Negros Oriental — In a bid to ensure the survival of threatened Philippine trees, Silliman University (SU) and First Gen-owned Energy Development Corporation (EDC) launched an arboretum within the premises of the SU Center for Tropical Conservation Studies (CENTROP) last September 4, 2024. The arboretum, a product of a Memorandum of Agreement signed in […]
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 […]
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 […]