fbpx

News and Media

Social Media

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

GEO 24/7 Facebook Posts

Silliman University has renewed its contract with renewable energy supplier Energy Development Corporation as the university moves to elevate its contributions to fight back against the climate crisis. By switching to GEO 24/7, SU helps shape the future of our planet further.

Read more about it here: bit.ly/3vh6saD

#GEO247
... See MoreSee Less

2 days ago
Silliman University has renewed its contract with renewable energy supplier Energy Development Corporation as the university moves to elevate its contributions to fight back against the climate crisis. By switching to GEO 24/7, SU helps shape the future of our planet further.

Read more about it here: https://bit.ly/3vh6saD

#GEO247

Your grandchildren would be proud to know that you had a big part in saving our planet. Make a difference for the future and shift your business to GEO 24/7 for clean, reliable, and uninterrupted power.

Learn more here: bit.ly/3l488zq

#gameforgeo #GEO247 #ChooseGEO247
... See MoreSee Less

5 days ago
Your grandchildren would be proud to know that you had a big part in saving our planet. Make a difference for the future and shift your business to GEO 24/7 for clean, reliable, and uninterrupted power.

Learn more here: https://bit.ly/3l488zq

#GameForGEO #GEO247 #ChooseGEO247

We have a chance to save lives by saving the planet. Are you in?

Climate change worsens each day, but we can still turn the tides around. How? By choosing #renewable energy. Join us in our call for a greener future. Start today with #GEO247.

#ChooseGEO247
... See MoreSee Less

1 week ago
We have a chance to save lives by saving the planet. Are you in?

Climate change worsens each day, but we can still turn the tides around. How? By choosing #RenewAble energy. Join us in our call for a greener future. Start today with #GEO247.

#ChooseGEO247

Comment on Facebook

Actually NUCLEAR is the best transition off fossil fuels if done correctly.

Environment friendly renewable energy implemented by the National Electrification Administration in 80’s was one most viable program of Ferdinand Marcos terminated by the Cory Administration. TODAY due to political greed, deliberate negligence and ignorance, we face energy crisis! Annual power users increase, new energy sources, NONE!

God bless our Mother Earth Amen.

One of the biggest threats in the world today is climate change, and we’re constantly on the lookout for ways to push back and mitigate its effects on the country and our planet. How do you advocate for the Earth?

#RenewAble #GEO247
... See MoreSee Less

1 week ago
One of the biggest threats in the world today is climate change, and we’re constantly on the lookout for ways to push back and mitigate its effects on the country and our planet. How do you advocate for the Earth?

#RenewAble #GEO247

Comment on Facebook

Planting trees may help minimize the effect of CC, but stopping Co2 emissions from engine exhausts is a must! ...though it may sound impossible 😢😢

the climate has been changing since time immemorial, as we go through epochs and ages. what is alarming is 'accelerating climate change', which may be faster than how man may adapt to it. i hope they make the distinction.

You forgot something: Build Nuclear and Geothermal plants.

I'd say completely switching to Renewable Energy Sources. Because, it is really doable and achievable if we put all our efforts to it. Planting trees is good as well, but, because of the increasing global population, we may find it hard to do since, more people = more land to house them. Plus, more people = more carbon emissions, not only by the people itself but, by the things we consume as well, from our clothes, food, and many more. So, yeah, switching to renewables is really the best card we have.

Switching to renewable energy sources

Deleting spam and junk emails seem so easy and doable. Everyone needs to man up and just do it.

Hello. Can anybody explain to me why deleting emails from my inbox help push back climate change? I literally have no idea about this. Hope someone responds. Thanks

Where's the Nuclear option?

lahat

#veganism #govegan

Make all those corporations responsible for climate change. It's not us who should do the work for them, dumbass

No one can fight climate change because it is a normal phenomenon of nature. The only thing that doesn't change is "change". Therefore, we simply have to find ways to effectively adapt to those changes.😁

How is deleting 10 emails from ur inbox a helpful thing-

Wow(😲) for all of them

Planting 🫡

The biggest threats on the planet today is the WEF, Klaus Schwab, Bill Gates and co.

Don't worry deuterium Is coming soon do u trust the creator of this world🇵🇭

Planting trees .

😮 all of the above

making less babies

Nfts and cryptocurrency is responsible for a lot of Co2 emmisions release.

Planting trees & big bamboo trees. They are releasing Oxygen mixing in the air. At mga big trees & bamboos absorbs water in tons pag may flood. Absorbs pollutions & CO2. Problem natin sa basura many people doesn't care basta tapon na lang sa ilog, estero, kanal, at sa dagat. Nuon pa ang markina ay maayos magdisposed ng basura. Yung 2 quarry area sa San mateo + may crasher pa malapit sa ilog problema sa ilog dun mababaw na dahil sa lupa at graba na pupunta sa ilog + basura pa. Nuon kay G.A. ay pinapadredging na yan pero kinansel ni B.A. jr. Pagbumaha like yung Ondoy grabe ang taas ng tubig.

It's 🐂💩

Planting trees can only do so little if done irresponsibly. Some do monoculture and just leaving the site without checking if all seedlings survived.

Deleting tiktok videos

View more comments

Heal the planet and help your business with geothermal energy from Energy Development Corporation. The Linden Suites now lets guests enjoy a suite experience as they switch their operations to reliable #RenewAble energy.

The Linden Suites is part of the first batch of GEOP switchers. Join the movement. Switch to GEO 24/7.

EDC is First Gen’s 100% RE company.

#Geo247
... See MoreSee Less

2 weeks ago
Heal the planet and help your business with geothermal energy from Energy Development Corporation. The Linden Suites now lets guests enjoy a suite experience as they switch their operations to reliable #RenewAble energy. 

The Linden Suites is part of the first batch of GEOP switchers. Join the movement. Switch to GEO 24/7.

EDC is First Gen’s 100% RE company.

#Geo247

We encourage Filipinos to exercise their right to vote and maximize it by choosing leaders who will support the call to decarbonize our future and heal the planet. It’s time for us to see beyond political colors.

This is a fight for our future. Vote wisely.
... See MoreSee Less

2 weeks ago
We encourage Filipinos to exercise their right to vote and maximize it by choosing leaders who will support the call to decarbonize our future and heal the planet. It’s time for us to see beyond political colors.

This is a fight for our future. Vote wisely.

Comment on Facebook

YES ..... I WILL VOTE FOR CANDIDATES WITH GOOD TRACK RECORDS.

I appeal for the voters never rely on the result of surveys. Vote wisely and choose the right candidate based on his qualification

ONLY TEAM LENI+KIKO HAS A GOOD CREDENTIALS FOR ALL...🙏🇵🇭

YES ,,,,WE VOTE FOR YOUR FUTURE...AND FOR GOOD GOVERNANCE....🌷🌷💗💗🌸🌸

Yes I will protect your future... Leni Robredo and team mapupunta ang boto namin.

Leni Kiko teams kakampinks ipanalo natin May 9 bantayan mabuti ang boto

Vote for the righteous candidates

Substantial proof of track record is a requirement as well as leadership in previous position in national.

We pray that God will guide all the voters to choose the right leaders for our country

Leni-Kiko Na!

Vote for LENI AND KIKO, LAGAT TROOANG ANGAT

Leni/Kiko team tayo!

yes we will vote for your better future. Leni and kiko

Yes para sa inyo boto namin at para rin sa mga anak ng mga BBM na bulag sa katotohanan at nagbubulag bulagan parin, alisin nayan pride join us, dahil ang pagbubuklod buklod natin para sa isang adhikain ay ang Tunau na Tunay na UNITY, maka Diyos maka tao at maka bansa.

That is why...i'm voting Leni Kiko and all the katropang senators

BIG BIG BIG NO TO BBM. GO GO GO VP LENI

VOTE WISELY

Yes vp leny kiko team

YES, I really care for the bright future of the coming generations.... 🙏♥️

Don't yoy worry my dear,,, i will protect your future! i vote for leni kiko.

RIGHT! Be the light🌟! You are the light🌟of the world🌏. Switch🔌on the light💡so that you'll never grope in the dark◼️! #YEStoGOD #GODBlessThePhilippines🇵🇭

Pray and vote for a good example

Ur future depends on you to succeed if u study hard with d help of ur parents n not the PRESIDENT of d country.

Yes leni tayo for childrens future.

View more comments

Load More GEO 24/7 Posts
Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

EDC Facebook Posts

The climate crisis has gotten more people to talk and wonder about how we can address it. If we want to mitigate the effects of climate change and global warming, we must become advocates of the planet and encourage businesses to switch to #renewable energy and become agents of change for the better.

#WeAreEDC
... See MoreSee Less

2 days ago

SU teaches commitment, too!

We laud Silliman University's continued decision to power its day-to-day operations with clean and #RenewAble energy by extending its energy supply deal with Energy Development Corporation. Their determination to choose clean energy takes us all another step closer to our regenerative goals. Savings on electricity costs aside, the generated electricity drawn from Nasulo’s geothermal facility in Valencia, Negros Oriental is 100% clean, reliable, and uninterrupted energy.
... See MoreSee Less

6 days ago
SU teaches commitment, too!

We laud Silliman Universitys continued decision to power its day-to-day operations with clean and #RenewAble energy by extending its energy supply deal with Energy Development Corporation. Their determination to choose clean energy takes us all another step closer to our regenerative goals. Savings on electricity costs aside, the generated electricity drawn from Nasulo’s geothermal facility in Valencia, Negros Oriental is 100% clean, reliable, and uninterrupted energy.

Comment on Facebook

Very good!!! Just don't send students on the streets😅😅😅

Government incentive, business directive.

The Philippines’ energy mix is still primarily running on fossil fuels like coal. The Green Energy Option Program (GEOP) empowers qualified companies to choose and make the switch to clean and renewable energy that can power their businesses with safe, reliable, and cost-effective energy all at the same time.

Read more about how you can reduce carbon emissions and secure your business operations with EDC at bit.ly/3w6j7yJ

#WeAreEDC
... See MoreSee Less

1 week ago
Government incentive, business directive. 

The Philippines’ energy mix is still primarily running on fossil fuels like coal. The Green Energy Option Program (GEOP) empowers qualified companies to choose and make the switch to clean and renewable energy that can power their businesses with safe, reliable, and cost-effective energy all at the same time.  

Read more about how you can reduce carbon emissions and secure your business operations with EDC at https://bit.ly/3w6j7yJ 

#WeAreEDC

Comment on Facebook

To know if your business is qualified, visit www.energy.com.ph/dm-contestability-form/

Thank you EDC for taking climate action to secure our country's low-carbon future

In line with its vision of creating #renewable solutions while helping businesses grow, Energy Development Corporation and Endeavor Philippines have chosen three companies, namely IHandal Energy Solutions, Nanotronics, and Packetworx, to participate in their Open Innovation Program, which aims to catalyze innovation through partnerships with companies.

By renewing businesses' mindsets to commercialize innovative solutions that are regenerative and customer-centric, EDC hopes to enable a future that's greener and goes beyond sustainability.

Read more about this initiative: www.energy.com.ph/2022/03/29/edc-and-endeavor-philippines-select-three-companies-for-its-joint-op...

#WeAreEDC
... See MoreSee Less

2 weeks ago
In line with its vision of creating #RenewAble solutions while helping businesses grow, Energy Development Corporation and Endeavor Philippines have chosen three companies, namely IHandal Energy Solutions, Nanotronics, and Packetworx, to participate in their Open Innovation Program, which aims to catalyze innovation through partnerships with companies.

By renewing businesses mindsets to commercialize innovative solutions that are regenerative and customer-centric, EDC hopes to enable a future thats greener and goes beyond sustainability.

Read more about this initiative: https://www.energy.com.ph/2022/03/29/edc-and-endeavor-philippines-select-three-companies-for-its-joint-open-innovation-program/

#WeAreEDC

On May 9, we Filipinos will choose leaders to elevate our cities—and most importantly, our country—to new heights. We at Energy Development Corporation encourage everyone to go beyond political colors and give your vote to the candidates that will support the call to decarbonize our country for a greener future.

Don’t let our youth suffer in the long run. Vote wisely, and vote for the country.
... See MoreSee Less

2 weeks ago
On May 9, we Filipinos will choose leaders to elevate our cities—and most importantly, our country—to new heights. We at Energy Development Corporation encourage everyone to go beyond political colors and give your vote to the candidates that will support the call to decarbonize our country for a greener future.

Don’t let our youth suffer in the long run. Vote wisely, and vote for the country.

Comment on Facebook

Yes thats why i want Leni Robredo for Presidente

Yes dear you can count on me that I will vote the right one, a candidate who has a clean track records, very competent, a candidate without a stain of corruption, a caring Mother, I will vote Madam Leni Robredo 💟💟💟👍👍👍

Yes we will choose a good leader for you Kids.. VP Leni Kiko tandem 👍🥂🇵🇭🙏💖

Yes, we vote for your future that is why we vote #LeniKiko2022alltheway

Yes we vote leni for your future

Don’t worry dear i will vote for the president that will protect and fight for us

Of course my vote is for the present generation & the generations to come. My greatest contribution for my beloved 🇵🇭 is to help stop corruption by choosing a leader who has no stain of it! Oh God, please save my beloved 🇵🇭, the land of my birth. 🙏🙏🙏

Yes, we will vote for your future dear children. God bless the Philippines!

...of course, life is a choice... that's freedom. yet the preferential option to choose must be based on the validated legal facts... Ultimately, God's Gift of Freedom says: Do Not Steal... Do Not be a False Witness against the Truth... Do Not Kill... etc. etc. etc.... to whatsoever any evil forces in the pressing issues of our times.. TapatDapat remains... Mas Radikal ang Magmahal para sa Inang Bayang Sinilangang Minamahal... Christ Jesus' Liberatinal Love Urges Us On... sacred vote entails a good right correct exact perfect moral conscience...thus, integrity and credibility matter... Indeed, God's Gracious Intervention Reigns...

Yes we will choose the best and honest leader for you.

For the future of our beloved country Philippines ..we vote Leni and kiko

Yes that's why I voted after almost two decades and I'm voting for clean, untainted candidates.

Yes we do vote for the right president for children future

Yes

Yes baby girl we vote wisely for your future beacause we love you God bless.💟💟💟💟💟💟💟💟💟💟💟💟💟💟💟💟💟💟💟

Let us vote for Leni Kiko

We voted wisely for you our dear children! We care for and love you! We want a bright future for you so when it's your turn you can build a better and perhaps the best life for you future children. ❤️❤️❤️ Mabuhay kayo! 💕

Ready to vote

Yes👍

💯🌹 I'll give the perfect vote for you💝❤️❤️🌹🌹🌹

We vote for you dear children of the Philipines🙏🙏🙏

my vote is for all the children of the Philippines.

Yes vote for the future of this younger generations.

View more comments

Load More Posts
Contact Us

Head Office: 6th Floor, Rockwell Business Center Tower 3

Ortigas Avenue, Pasig City, 1604

Philippines

Phone: (+632) 8667.EDC (8667-7332) |
(+632) 7752.2332

 

Email: [email protected]

Follow Us

One of the most powerful cartoons I’ve come across in a while is one by To New Yorker
Magazine which shows a man in a tattered business suit and around a campfire amidst a
future wasteland telling three children, “Yes they destroyed but for a beautiful moment in
time we created a lot of value for. Funny, but tragically so true of how the world works today.

We urgently need to overhaul how we relate with the Earth
if we want to keep it habitable for humans in the decades
to come. We don't have a choice.

The way we measure progress and success in our world is severely broken. Countries are
judged by how fast gross domestic product (GDP) grows, and corporate stocks are deemed
good investments also by how fast they can advance their net incomes regardless of how
it’s achieved. Most successful business models are racing to spur consumption of their
products beyond what consumers really need. As a result, carbon emission trajectories are
leading us toward a catastrophic world that’s 3-6 degrees warmer. Human activity is warming
the Earth 5,000 times faster than the most rapid natural warming occurrence in our planet’s
past, and species are going extinct faster than at any period in geologic history. Microplastics
are already being found in dwelling in the deepest reaches of the Marianas trench as well as
the pristine Pyrenees mountains of France and Spain. These are but a few examples of the
widescale destruction humans are wreaking on our only home. The international no
organization (NGO) Global Footprint Network estimates that we already use up 1.5 Earths
each year just feeding our current level of wants and needs; that’s 50% more than our planet’s
ability to replenish 3the resources used up!

Dear Stakeholders,

Message from the EDC
Chairman and CEO

With every passing year, it becomes increasingly tougher to deny that our climate
is changing faster than previously imagined due to human activity. A large and growing
number of the world’s largest corporations participating in the Carbon Disclosure Project,
more than 75% as opposed to only 10% in 2010, now incorporate climate change into
their business strategies. I believe that today, we are living through one of history's great
paradigm shifts. An age wherein we’re only just beginning to realize the immense impact
we’ve had on the planet and that we urgently need to overhaul how we relate with the
Earth if we want to keep it habitable for humans in the decades to come. We don't have
a choice. There is no Plan B or planet B, as some would say.

Real and lasting shareholder value can only be had when we place the
interests of all our stakeholders, our customers, the planet, and humanity
at the center of everything we do.

Of course paradigm shifts are never easy. They never have been throughout history. But
as the environmentalist and author Bill McKibben rightly puts it: “the math is hard to
argue with; business as usual and growth as usual spell an end to the world as usual.
This is the one overwhelming fact of our lifetimes.” PricewaterhouseCoopers or PWC
quantifies what the world needs to do to keep global temperature rise to less than 2
degrees Celsius. They emphasize that we must reduce the carbon intensity of the
economy—the amount of carbon emitted per dollar of GDP—by 6% each year until 2100.
Although this number looks modest, it is nine times the current rate of important
being experienced in the world today; this only underscores the magnitude of the
transformation needed. At Energy Development Corporation and parent company,
First Gen Corportion, we believe our platform of businesses and our way-to-play are all
geared toward this goal.

Message from the EDC
Chairman and CEO

Our Geothermal plants are today the only large scale 24/7 sources of renewable energy
The relatively fixed pricing we are able to offer our electricity customers is a massive
advantage and gives them certainty at a time when our coal-based competitors cannot. In
addition, the massive transformation taking place in the company is exciting and promises
to transform us into a leaner but more robust and resilient player and competitor.
Our Natural Gas plants at First Gen are key to bringing down the carbon intensity
of the economy as they emit less than half of the carbon and only a fraction of the other
pollutants per kilowatt-hour relative to an equivalent-sized coal plant. This is key to
keeping the economy humming and our lights on, even as we transition to a decarbonized
world. Today, these plants run on the country’s only indigenous gas field
Camago-Malampaya, but we are currently preparing for the day these fields no longer
have indigenous gas through the development of what could be the country's first
Liquefied Natural Gas (LNG) import terminal. In December 2018, First Gen signed a joint
Development Agreement (JDA) with Tokyo Gas Co., Ltd. to push this forward. It's an
exciting time to be doing this as LNG suppliers worldwide are only just beginning to
innovate and show flexibility on gas contracts never before seen in the world of LNG
contracting. Just this April 2019, Shell and Tokyo Gas signed the world’s first coal-indexed
LNG contract. This signals that gas producers are now willing to fight head against
coal plants in competitive power markets, if they aren’t cheaper already. Our decision
several years ago to slam the door on developing any coal-fired power for ourselves
was prescient. Even as more coal- fired capacity comes on line globally, their utilization
and capacity factors are falling. International Energy Agency (IEA) figures for 2017 show
the average capacity factor of coal plants globally has fallen even more to 52.8%, down
from 59.3% in 2013. This is alarming for a technology whose economics only makes sense
when run at baseload rates of 70-80%. The implication is that many coal plants today are
being run sub-optimally and expensively. The fact that they are required to ramp up and
down frequently causes thermal fatigue of components, of materials, and corrosion that
negatively impact efficiency and emissions even more. Aside from the fact that coal-fired
power no longer has a place in a world that needs to decarbonize rapidly, its economics
are being rendered uncompetitive in grids increasingly being penetrated by more
intermittent renewable energy sources. Its days are numbered.

Message from the EDC
Chairman and CEO

Our world today teems with change and disruption. At EDC, we’re all incessantly
and purposefully “sensing the wind” and “reading the tea leaves”. And in such a
world marked by so much complexity, we must also keep our organizations alert,
as well as agile. But let me just say that real and lasting shareholder value can only
be had when we place the interests of all our stakeholders, our customers, the
planet, and humanity at the center of everything we do. The world’s paradigms are
shifting yet again and, as a company, we intend to help that shift in the best way
we can. It is amongst these great challenges where we intend to build the many
great opportunities that will foster true shareholder value.

Thank you for your continued trust and unwavering support.

Federico R. Lopez
Chairman and CEO

Message from the EDC
Chairman and CEO

Due to climate change, only hell is hotter than summer.

We now live in a world that has increased its temperature by 1.5°C from pre-industrial times
and at these levels 14% of the world’s population will experience intense heat waves at least
once in five years. Should things deteriorate further by half a degree, at a 2°C increase from
pre-industrial times, the effect will be 2.7 times worse: 37% of the world’s population will
experience severe heat waves at least once in five years. In 2018, Australia revised their
temperature charts and increased the upper limit to 55 degrees Celsius, or over 135 degrees
Fahrenheit, given what was experienced for a sustained period in the south-central part of
the country in 2018.

Hotter temperatures mean hotter oceans, because water absorbs an estimated 90% of the
heat in the atmosphere and radiant heat from the sun. The “hydrogen bond" between water
molecules is what allows water to absorb a significant amount of energy in the form of heat
before turning to vapor. However, once in vapor form, water rises into the atmosphere, and
the very same life-sustaining water becomes fuel for deadly typhoons and hurricanes that
bring with them torrential rains.

If the earth did not have water and was dry like Mars, our average temperature would be
negative 16°C. Because of the presence of water, the year-round average temparature of
the Earth is now 14°C. Averages have a way of lulling us into complacency until we are shaken
or impacted by terrible horrors, like Typhoon Yolanda in the Philippines, Hurricane Sandy in
New York, Hurricane Maria in Puerto Rico, Harvey in Houston (the costliest hurricane on
earth at USD125B in damage). The common thread among these events? They are all the
worst in either the history of those areas or the worst in centuries. And they all occurred in the
last 6 years.

The diametric opposite of typhoons, drought, is the other side of the same coin. From
California to Cape Town in South Africa, to Greece and Australia, drought has affected millions
of people. Closer to home, Manila is experiencing drought in this summer of 2019.

Dear Stakeholders,

Message from the EDC
President and COO

Our 2018 cover follows the expressive and visceral nature of the images we have chosen in
the past two years. It shows a striking image of what the future holds for us, if we do not
heed the call of the planet to pivot. The harsh reality of climate change is already felt, and
sadly, it is the most vulnerable members of society who bear the brunt of it.

We know the pivot will not be easy, especially in the face of significant vested interests.

The Intergovernmental Panel on Climate Change’s findings say that we may only have
until 2030 to avert “catastrophic climate change.” Despite the warnings however, action
has been slow. And in 2018, carbon emissions increased by another 2% from the previous
year. Scientists remain optimistic and cite the growth of renewable energy as a reason to
believe that the world can achieve the necessary reductions.

This continues to motivate us to do things better, to make a difference toward turning the
tide. Over the past five years, the Energy Development Corporation (EDC) and the rest of
the Lopez group of companies have decided to be the leaders in the business sector of
the Philippines in sounding the warning about the worsening effects of climate change
and the need for decisive action and enlightened choices. We know the pivot will not be
easy, especially in the face of significant vested interests.

Our Performance Report tells the story of EDC’s work-in-progress this year: our efforts to
achieve our business objectives, hand-in-hand with our sustainability aspirations. As
always, we keep track of the metrics that matter most to our stakeholders in alignment
with the framework of the Global Reporting Initiative (GRI) Standards.

Message from the EDC
President and COO

Bouncing back from a tough year

We tempered our expectations for 2018, given that we began the year with damage to
our facilities as a result of Typhoon Urduja, in December of 2017. Despite this setback, the
concerted efforts of our operational units, and inspired action from our employees,
helped us return our assets to service ahead of schedule. As a result of this, we ended
the year with a recurring income attributable (RNIA) of PhP9 billion, slightly ahead of our
2017 numbers.

We continued to execute our strategy with excellent results. We ended the year above our
target for generation. Our Nasulo and Palinpinon II power plants were also re-certified
for the 40 megawatt (MW) (+10MW) Ancillary Services Procurement Agreement (ASPA),
while our BacMan geothermal facility was fully contracted.

We adopted new ways of working and better practices in our operations with promising
results. For instance, majority of our planned maintenance activities were completed in
60% of the time, versus the previous 5-year averages. Fundamental changes have taken
place, such as the safety and medical clearances of contractors prepared a full month
ahead of the start of the activities, versus the old practice of doing this just prior to day
zero. We have also enhanced our reinjection management strategies to support our
efforts to reduce wasted heat and to ensure the recharge of our geothermal reservoirs.

Message from the EDC
President and COO

Taking the long view on sustainability and profitability

We are aware that challenges to the business will arise from time to time, such as natural
calamities or extreme weather. In response to these threats, we made smart investments
in resilience projects. Rather than implement risk reduction and resilience in potentially
hazardous areas, such as the steepest slopes most prone to landslides, we looked instead
at this through the necessary lens of high hazard against the potential value at risk from
the infrastructure in the area. From there, we have now prioritized those works which
mitigate the value at risk (VAR) of our assets relative to the hazard present. This way, we
are sure that we are investing in the right places where we can have the greatest risk
reduction. Using this VAR strategy, we completed 31 landslide mitigation projects in
BacMan, Negros, and Leyte in 2018. This crucial investment in resiliency is being
accelerated in 2019.

We are also investing in the growth and development of our people. People seek
opportunities to work for us because they appreciate EDC’s strategy. We have found that
EDC’s renewable energy focus has made us an employer of choice. Improvements in our
ways of working have given our employees greater flexibility to participate in and
contribute to over 100 simultaneous special projects, resulting in disperse decision-making
and improved accountability.

Our business also faces systemic and market-driven challenges. For example, the energy
sector will have to confront regulatory shifts and changes in tax regimes. This is par for
the course. We will also experience market shifts, which can be disruptive, both from
operational and pricing standpoints. An example would be the influx of non-
conventional, non-base load (intermittent) energy, like solor and wind. These energy
sources have significant impact on the grid, but do not have to shoulder the cost of
ancillary services.

EDC is prepared to face these changes by maximazing the cash generation of our assets.
We upgraded the capability of our plants in order to provide services that support grid
stability. These plans have been implemented, with investments in ancillary services
capability completed. Expanding our services offering has generated economic returns:
revenue from the sale of electricity as contingency and dispatchable reserves increased
143.5% from 2017, to P970 million in 2018.

Message from the EDC
President and COO

Making the shift to low carbon energy

While renewable energy is often seen as an alternative, EDC believes it is necessary and
timely to mainstream clean energy. Renewable energy is not only the environmentally-
responsible choice, but a wise business decision as well. EDC’s experience demonstrates
this, and we hope to convince even the doubters that the future of energy is in renewable
This commitment to clean energy is growing. In the United States, the mood on low-
carbon energy is changing. So much so, that one of the major US energy utilities has
pledged to go carbon free by 2050, and 80% carbon-free by 2030. This is only one utility,
in a wave of energy providers that have announced carbon-reduction goals.

A common theme across those committing to renewable energy is that their customers
are demanding low-carbon energy. And the energy providers, even mining companies are
listening. Renewable energy is not only the environmentally-responsible choice, but a
wise business decision as well. EDC’s experience demonstrates this, and we
hope to convince even the doubters that the future of energy is in
renewable.

In the capital markets, many large financial institutions have announced they will no
longer finance coal fired power plants. It is their belief that the assets will neither have the
capability to compete nor “the right to operate” based on the preferences of their
customers and other stakeholders such as local communities. For this reason, providing
financing for such assets are seen to be a poor medium- to long-term risk.

Increasingly, our customers are looking for cleaner energy choices, and we are happy to
oblige. Our role is not only to advocate for, but to convert consumers to, renewable
energy. More customers are signing up with EDC, with some choosing us because they
want to be powered by a pure RE company. Companies that have chosen to make the
switch believe it is a critical advantage: in fact, one customer that makes industrial
building materials told us that they want to be known as the first company in their
industry to be 100% powered by RE. We are encouraged by the small, but growing,
population of enlightened consumers that are demanding that the businesses and brands
they support show greater climate responsibility.

Message from the EDC
President and COO

EDC is proud and happy to partner with businesses that want to make positive
environmental change. Together, we will be part of a virtuous cycle that will contribute to
positive climate action.

Staying committed to our sustainability journey

In the last quarter of 2018, EDC completed the process of its voluntary delisting from the
Philippine Stock Exchange. Our delisting was a considered decision and part of an overall
strategy to support EDC’s long-term growth. The move to delist allows us greater flexibilty
over factors like leverage and dividend policies, without the need to excessively focus on
short-term results.
Our shareholders share this long-term focus with us. There is less attention given to
quarterly earnings, in favor of deliberate growth. This gives us the latitude and support to
explore investments in new Capital Expenditure, to test new technologies that alter our future
prospects, without the expectation of immediate results or instant returns.

While the Philippine Stock Exchange and the SEC have established guidelines for
mandatory sustainability reporting beginning in 2020, EDC voluntarily reported on
sustainability for the past nine years. We will continue this practice because we believe
that this is how we can best create and share value with society, and care for the
environment upon which we depend, and the we all share.

Message from the EDC
President and COO

Our clear path ahead

The strong beam from a beacon serves to shine a light on the way ahead, and while we
made some gains in 2018, our journey is far from over. One the business side, we are
confident in the path we are taking to grow and develop our portfolio, invest in our
facilities and our PEOPLE, and continue to support our host communities.

Strategy is fundamentally a choice that is executed well. EDC is committed to our choice
for renewable enrgy and we intend to deliver on our plans to optimuze our assets,
mitigate our risks and grow the business and our talent pool. It is our hope that we can
serve as a role model for the energy sector, our host communities, the local government,
energy are bright, and by all indications, are getting better with each passing day.

Richard B. Tantoco
President and COO

Message from the EDC
President and COO

Stay updated by receiving curated newsletters through email!

* indicates required