With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
Lopez-led ThermaPrime Drilling Corporation (ThermaPrime) has beefed up its geothermal drilling business segment with three more rigs that it can immediately utilize for the expansion of its operations. According to the company, two of the newly acquired drilling rigs are of 1,500 horsepower (hp);...
The commercial operations of the P7.0 billion Palayan binary geothermal power project of Energy Development Corporation (EDC) will partly quench the energy thirst of the Luzon grid, as this will add up 28.9 megawatts into the system. The facility serves as an expansion of its 140MW Bacon-Manito...
Its wings may have already fallen silent since its untimely demise in September last year, but renewable energy (RE) firm Energy Development Corporation (EDC) of the First Gen group has taken a high-principled step of preserving the lasting legacy of “Geothermica”, also nicknamed “Geo”, the...
First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
BACOLOD CITY – The Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) in a bid to stop increasing electricity rates affecting the province of Negros Occidental. In a...
BACOLOD CITY – Mayor Albee Benitez has urged the Energy Regulatory Commission (ERC) to act on the power supply agreement between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) to address the strong clamor of consumers in this city regarding the high power...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
The Philippines is eyeing to firm up collaboration and prospective private sector partnerships with the United States for targeted deployment of next-generation geothermal technologies in the country. According to Energy Secretary Raphael P. M. Lotilla, the Philippines will “identify advances...
The Lopez Group’s Energy Development Corporation (EDC) is planning to raise up to P10 billion from a planned ASEAN Green Bond issuance to fund its expansion plans. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS Aaa, with a Stable...
