Lopez-led Energy Development Corp. (EDC) has signed a two-year contract to power the manufacturing operations of Citizen Machinery Philippines Inc.(CMP) in Tanuan, Batangas.
In a statement, the company said the contract for 2.5 megawatts (MW) of geothermal power will commence on Dec. 26, to be sourced from EDC’s BacMan Geothermal Project.
“As a manufacturing company, Citizen Machinery Philippines desires to be supplied by stable and low-cost electricity, especially since our foundry consumes much power,”CMP president Akihide Kanaya said. “EDC’s BacMan Geothermal Project meets these criteria,” he said.
