EDC continues to push international geothermal dev. plans
EDC continues to push the development push for geothermal projects in Taiwan, Indonesia, Chile, and Peru.
The Philippines-headquartered Energy Development Corp. (EDC) continues its efforts on international geothermal exploration despite the delay due to the pandemic. So while travel restrictions and the general covid situation might have delayed activities in Indonesia and Taiwan, the company remains committed in pursuing these overseas opportunities.
Beside Indonesia and Taiwan, the company has been expanding its presence in Peru and Chile, continuing pre-development activities with its geothermal concessions in Indonesia, Chile and Peru, as reported by Business Mirror.
As we previously reported, EDC sees Taiwan as an opportunity for expansion due to the attractive feed-in-tariff and has been exploring partnerships with local geothermal concession holders for a possible joint venture.
In Indonesia, EDC is looking at starting civil works an drilling for the Graho Nyabu geothermal working area in the next few years.
Around $280 million have been earmarked by the company for drilling and investments, including for the deelopment of the 3.6 MW Mindanao 3 and 29 MW Palayan Bayan geothermal projects.
With additional binary plants the company aims to expand its capacity at existing plants in BacMan, in Leyte and in Mt. Apo.
Source: Business Mirror