Philippines company Energy Development Corp. (EDC) plans to participate in the auctions for new geothermal contracts in Chile and Peru as part of its expansion program, a top executive said.
EDC president Richard Tantoco said the new concession area in Chile that the company was looking at could produce about 150 megawatts of geothermal capacity.
EDC already has a stake in the Mariposa project, located in the Andes Mountains 300 km south of the capital city of Santiago. The project covers two geothermal exploitation concessions, Pellado and Laguna del Maule. The rights to these concessions are owned by Compañía de Energía Limitada where affiliates of EDC and Canada-based Alterra Power Corp. hold 70-percent and 30-percent stakes, respectively.
