Hyundai Vice President Chong Hyun Ha, EDC President & COO Richard Tantoco, Galing Power Chairman Yoon Ho Chung
Lopez-led Energy Development Corporation (EDC) has signed a design and equipment supply contract with Hyundai Engineering Co., Ltd. (HEC) and a construction services contract with Galing Power & Energy Construction Co. Inc., both dated September 15, 2015 for the engineering, procurement and construction of its 31-MW Bac-Man 3 geothermal power plant in Barangays Capuy, Bucalbucan, Rizal and Bulabog, Sorsogon City, Sorsogon Province.
Given its specifications, the Bac-Man 3 power plant is expected to withstand harsh weather conditions and improve plant reliability. Once operational, Bac-Man 3 project will augment the power generating capacity of the Luzon grid and address the projected demand growth in the region with clean and affordable power,” EDC Business Development Vice President Vincent Villegas said.
This project is meaningful to HEC since we will be focusing largely on renewables as one of our strategic businesses in the future,” HEC Power and Energy Head Park Jun Sung said.
The Bac-Man 3 project will reduce greenhouse gas emissions by about 270 kilotons of CO2 annually if a similar capacity of fossil-fired power plant were to be built.
The addition of Bac-Man 3 project to EDC’s geothermal portfolio solidifies its leadership in the Philippine geothermal industry. EDC owns and operates 1,169MW of integrated geothermal projects in Leyte, Negros Islands, Bicol and North Cotabato. It also successfully commissioned the 150 MW Burgos Wind Project, the largest in Southeast Asia. Aside from geothermal and wind, EDC also operates hydropower and solar energy plants.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.
