Leading renewable energy firm Energy Development Corporation (EDC) has extended for another two years its power supply agreement with Silliman University, an academic institution in the Visayas which has been championing the utilization of green technology for its energy needs. For this power...
Lopez-led First Gen Corporation registered a flat growth in income at P12.4 billion ($252 million) last year due to uncertainties ignited by soaring fuel prices in the world market that had impacted the overall operation of its electric generating assets. The company qualified that while it...
Academic institution De La Salle-Lipa, which is reinforcing its sustainability practices, has renewed its power supply agreement (PSA) with Energy Development Corporation (EDC), the pure renewable energy subsidiary of Lopez-led First Gen Corporation. In a statement to the media, EDC noted that the...
The profitability of Lopez-led First Gen Corporation has improved by 11 percent to P10.3 billion ($212 million) in nine months this year from P9.9 billion ($196 million) within the same period in 2020. The company said it “benefited from higher electricity sales,” and among its income driver is...
EDC supplies green energy to bathroom fixtures firm By MYRNA M. VELASCO Clean power producer Energy Development Corporation (EDC) will flush out ‘dirty energy’ in washrooms, as it cornered bathroom fixtures company Hocheng Philippines Corporation, also known as HCG, as a new client that it will...
The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated ‘forced outage limit’ prescribed for such technology in the electricity generation business. In a disclosure to the...
Cebu-based steel manufacturing firm Chioson Development Corporation (CDC) has shifted power use into renewable energy (RE), and it signed up with Energy Development Corporation (EDC), to become its electricity service provider. According to EDC, which is a subsidiary of Lopez-led energy firm First...
First Gen-owned Energy Development Corporation (EDC) is reinforcing call on policy leaders to accelerate the phase out of coal plants, similar to what is happening in other parts of the world. EDC Logo That call is in line with the world’s target to limit planet warming to 1.5 degrees as...
Echoing ‘code red’ alarm on the escalated global warming, leading renewable energy developer Energy Development Corporation (EDC) is reinforcing calls for the country to accelerate its energy mix transition to cleaner energy technologies -- primarily renewable energy and the electrification of...
Lopez-led First Gen Corporation sustained its robust profitability and that enabled it to post 11-percent net income hike in the first half to P7.1 billion ($148 million) versus a leaner P6.7 billion ($133 million) in the same period last year. The company’s rise in earnings, according to First...
Lopez-led Energy Development Corporation (EDC) listed on Friday (June 25) with the Philippine Dealing and Exchange Corporation (PDEx) the P5.0 billion first tranche of its ASEAN green bonds. The issue, which has been oversubscribed due to buoyed interest of investors, is part of the P15 billion...
The targeted P15 billion proceeds from the ASEAN green bonds issuance of Energy Development Corporation (EDC) will bankroll the expansion projects being lined up by the company. The shelf registration of EDC’s green bond issuance had already secured the approval of the Securities and Exchange...
