Philippines:

EDC Ties Up With Peru Firm (Philippine Daily Inquirer)

Energy Development Corp., the Philippine's biggest geothermal producer, has formed a company that will explore and develop a geothermal concession area in Peru.

In a disclosure to the Philippine Stock Exchange Thursday, EDC said its Peru unit, EDC Geotermica SAC, and Hot Rock Peru SA formed Geotermica Quellaapachetta Peru SAC to own and develop the Quellaapachetta concession area.

EDC Geotermica owns a 70-percent interest in the project company, while 30 percent is held by Hot Rock.

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