Philippines:

Philippine Geothermal Firm Continues International Expansion (Eco Seed)

Philippines-based Energy Development Corporation, the second largest geothermal company in the world in terms of installed capacity, said it is continuing to expand its operations outside the Philippines - particularly in the Pacific Ring of Fire and East Africa.

"There are 29 countries in the Pacific Ring of Fire that have geothermal potential," said Ernesto B. Pantangco, executive vice president of the geothermal company.

Mr. Pantangco said the company is pushing through with its first international projects after acquiring a majority stake in four geothermal projects in Chile and Peru.

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