Philippines:

EDC Skips Leyte Power Deal (BusinessWorld Online Edition)

Energy Development Corp. (EDC) has decided not to pursue its bid to supply power from its Unified Leyte geothermal power plant, which was damaged by typhoon Yolanda (international name: Haiyan) when it hit Visayas in Nov. 8.

In a disclosure yesterday, EDC said its wholly owned subsidiary Unified Leyte Geothermal Energy Inc. (ULGEI) has informed the Power Sector Assets and Liabilities Management Corp. (PSALM) that it would not accept the award that would make it an independent power producer administrator (IPPA).

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