EDC, Alterra all Set for Peru, Chile Projects (Inquirer.net)
Energy Development Corp. (EDC) on Tuesday said that its shareholders, its joint venture partner and related units have signed on to four projects in Peru and Chile.
EDC and its Canada-based partner, as well as their subsidiaries have executed four shareholders’ agreements and other related agreements for the implementation of the terms of a Joint Venture agreement covering the four projects, EDC said in a disclosure to the Philippine Stock Exchange.
EDC and Alterra Power Corp. of Canada will jointly undertake the Tutupaca Norte, Loriscota, and Crucero geothermal projects in Peru. The companies will also tend to the Mariposa geothermal project in Chile.
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