Tuesday, December 17, 2019

Philippines: EDC has a Combined Geothermal Capacity of 1,179.3 MW as of end-September 2019

EDC expanding after output is fully contracted (Manila Bulletin)

Energy Development Corporation (EDC), the renewable energy unit of the Lopez group, continues to expand its operations as its geothermal portfolio is expected to be fully contracted by this month.

Accounting for 60.7 percent of the country’s total installed geothermal capacity, EDC has a combined geothermal capacity of 1,179.3 MW as of end-September 2019.

EDC’s total output will be supported by its Bacman and Nasulo plants which have been nominated by FG Hydro to supply the contract in its winning bid during the conclusion of Meralco’s competitive selection process for its power supply requirement in September 2019.

“EDC is currently pursuing the expansion of existing geothermal power plants as it continues to look out for other potential geothermal projects locally and internationally,” said Philippine Rating Services Corporation (PhilRatings).

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