News

EDC allocates around $111 million for work on geothermal plants, Philippines

Bacon-Manito geothermal field, Philippines (source: EDC)
Alexander Richter Alexander Richter 23 Apr 2019

Energy Development Corp. (EDC) has allocated $111 million for reliability improvements and O&M of its geothermal power plants in the Philippines for 2019.

As reported locally yesterday, Energy Development Corp (EDC) has allocated over P 7 billion in capital expenditure for 2019 to improve the reliability of its geothermal power plants in the Philippines.

The funding will support operations and maintenance required for the geothermal plants at Leyte, Negros Island, Bacon-Manito and Mt. Apo, mostly for power plant and steamfield reliability improvements.

Source: PhilStar