EDC cancels project in Chile, to pursue project in Peru (Zambo Times)
Energy Development Corporation (EDC) has cancelled its two geothermal projects in Chile but will pursue its projects in Peru in line with the goal to expand its international operations.
In a disclosure with the Philippine Stock Exchange (PSE) Monday, EDC said the cancellation was made after the company deployed a team of geothermal scientists to its Calerias and Longavi projects, which are under the company’s Chilean joint venture agreement (JV) with Hot Rock Limited (HRL) earlier this year.
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