EDC plans 50-60 MW geothermal expansion in the Philippines in the next 2 years
Through optimisation of current geothermal power plants, the Energy Development Corp. (EDC) aims to add up to 50-60 MW in geothermal power generation capacity in the Philippines.
In conjunction with the 1st Philippine International Geothermal Conference in Taguig City, Philippines, Richard Tantoco, President and CEO of the country’s Energy Development Corp. (EDC) announces plans for geothermal expansion
The company plans small expansion within the existing sites of geothermal power plants. With that the company hopes to add 50-60 MW in power generation capacity over the next two years. This is to be achieved mostly through optimization of existing geothermal plants, one of them in Leyte. EDC’s geothermal power plants in Leyte have a combined capacity of around 400MW.
“We’re working on partnerships. I don’t know the final price. [Ther eare ongoing] negotiations now,” Tantoco said. “We’re very interested to invest, so we’re looking for partners.”
As of December 31, 2017, EDC and its subsidiaries owned and operated a diversified portfolio of renewable energy projects in the Philippines with a total installed capacity of 1,472 MW, including geothermal, hydro, wind, and solar. In 2016, EDC’s power generation represented about 9% of the total power generation capacity in the Philippines.
EDC owns and operates the 232.5-MW Malitbog, 180-MW Mahanagdong, 125-MW Upper Mahiao, and 112.5-MW Tongonan geothermal plants, all under the Tongonan Geothermal Project in Leyte.
It runs the 112.5-MW Palinpinon I, 60-MW Palinpinon II, and 49.4-MW Nasulo geothermal projects within the Southern Negros Geothermal Project.
Source: GMA Network