EDC continues on ambitious geothermal drilling program
Mahanagdong geothermal plant, Leyte, Philippines (source: EDC)
Alexander Richter
9 Jun 2025
Philippine-based EDC continues its drilling activities under a PHP 30 billion (USD 510m) programm to drill 40 geothermal wells, targeting an 85 MW in added capacity (29 MW were added in 2024, 54 MW to be added in 2025) by 2026.
Philippine geothermal developer Energy Development Corporation (EDC) is advancing its multi-year drilling campaign aimed at boosting geothermal capacity by up to 85 MW by 2026. The company has committed up to PHP 30 billion (approx. USD 510 million) for the program, which covers 40 wells across several sites.
As of June 2025, EDC has already completed 29 of the planned 40 wells, with 5 wells expected to be drilled this year and an additionl 5 wells by the end of 2026. The drilling campaign spans key geothermal fields in Leyte, Negros Island, and Mount Apo in Mindanao.
EDC President and COO Jerome H. Cainglet stated that the project could yield an additional 85 MW of installed capacity once all wells are completed and brought online. The effort is part of EDC’s long-term strategy to sustain and expand its geothermal portfolio, which currently provides nearly 1,200 MW of installed capacity – making it the largest vertically integrated geothermal producer in the country. The following additions are expected to come online in 2025: 28 MW Mahanagdong Binary, 20 MW Tanawon, and 5.6 MW Bago Binary geothermal power projects. While the news report that in addition to these plants the 29 MW Palayan Binary would also be added (according to our research the plant though came online in 2024). The total installed geothermal power generation capacity at the year-end 2024 was 1,984.4 MW.
The initiative supports the Philippines’ broader renewable energy goals and reflects ongoing industry momentum toward increasing geothermal’s share in the energy mix.
Sources: Business World, Daily Tribune
