Wednesday, May 22, 2019

Taiwan: Energy Development Corporation Has Concession to Explore for Geothermal Energy Resources

EDC eyeing geothermal projects in Taiwan (Business Manila Bulletin)

(Courtesy CIA.gov)
Lopez-majority owned Energy Development Corporation (EDC) is targeting to expand geothermal investments in Taiwan, a top executive of the conglomerate has disclosed to the media.

At this stage, EDC Board Director Francis Giles B. Puno noted that what EDC has what is basically a “concession” for a geothermal service area for exploration, hence, the target is to ensure first that the prospects would eventually yield commercially-viable outcome.

Yet even prior to this targeted investment entry in Taiwan, Puno qualified that EDC is considerably a globally entrenched player in the geothermal sector – primarily in the provision of exploration and drilling services in key markets like Kenya and Japan.