Tuesday, September 25, 2018

Philippines: EDC Receives Renewable Energy Service Contract for Geothermal Exploration in Sumatra

EDC steps up Indon expansion (Manila Bulletin)

Philippines company Energy Development Corporation (EDC) has been targeting to scale up on its geothermal investments in Indonesia – one of its long-time targeted offshore investment expansion terrain.

EDC President and Chief Operating Officer Richard B. Tantoco disclosed that the company already secured its preliminary survey assignments plus exploration (PSPE) for the geothermal prospects it has been eyeing in Sumatra.

Tantoco nevertheless qualified that it’s still very early days to give assessment on the resource potential – like the targeted capacity that the steam field may eventually yield.

He noted that the company is still “doing road constructability surveys, so probably if all goes well, we will have drilling in 18-24 months.”