EDC plans expansion of geothermal assets and continues international work
Philippines-based Energy Development Corp. plans smaller-scale expansion projects in the Philippines and will continue to explore and assess growth opportunities in Indonesia, Chile, Peru and other countries in the Asia Pacific and Latin America regions.
Philippines-based Energy Development Corp. (EDC) announced that it will work on “a small expansion” of its geothermal assets”, so EDC President Richard Tantoco. The company has a few plants lined up, which are small with less than 30 MW of planned installed power generation capacity, so Tantoco.
These projects will be attached to the company’s existing geothermal plants at Leyte, Bacon-Manito (BacMan) and Mount Apo.
EDC is expected to announce which of the project it will pursue within the next six months – geothermal, brownfield and within the existing assets for expansion.
The company operates the 140 MW Bac-Man, 588.4 MW Unified Leyte, 123 MW Tongonan, 172.5 MW Palinpinon, 49.4 MW Nasulo and 106 MW Mindanao geothermal power plants.
This year, the company expects normal geothermal plant operations after the full restoration of the Leyte plants. It has also invested in various resiliency programs to better mitigate the company’s vulnerability to natural calamities and quickly recover from their effects.
EDC’s Leyte plants were hit by two calamities in 2017—a 6.5-magnitude earthquake in July and Typhoon Urduja in December.
EDC is a subsidiary of the First Gen Corp., the country’s largest clean-energy company, with a portfolio that includes natural gas, geothermal, solar, wind and hydro.
The company also continues to explore and assess growth opportunities in Indonesia, Chile, Peru and other countries in the Asia Pacific and Latin America regions. It owns a number of geothermal concessions in these areas, and various predevelopment works are ongoing.
Source: Business Mirror