The United States government, through its US Trade and Development Agency (USTDA), has extended financial assistance for the conduct of a feasibility study (FS) on the 50-megawatt Amacan geothermal prospect being pursued by Lopez-led Energy Development Corporation (EDC) in Mindanao. The grant was...
Owing to higher electricity sales and the uptick in oil prices, Yuchengco-led PetroEnergy Resources Corporation (PERC) has posted 31-percent income jump to P506 million in the first half this 2022 from leaner P386 million in the same period last year. “The robust financial performance was largely...
The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector. Energy Secretary Raphael P.M. Lotilla raised this possibility as he...
Food manufacturer Monde Nissin Corporation (MNC) has inked a power supply agreement (PSA) with Energy Development Corporation (EDC), for it to source electricity supply from a renewable energy-generated resource. According to EDC, which is a subsidiary firm of Lopez-led First Gen Corporation, the...
AP Renewables Inc. (APRI), a subsidiary of listed firm Aboitiz Power Corporation, is targeting to add at least 17 megawatts into its power generation capacity by pursuing its blueprinted binary geothermal power project in Tiwi, Albay. According to APRI, it will be constructing a binary geothermal...
Leading renewable energy (RE) firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, will be supplying RE-generated electricity to Bohol province for the next 10 years. In a statement to the media, EDC emphasized that it won the joint competitive selection...
Razon-led MORE Electric and Power Corporation will tap 20 megawatts of its electricity supply from Energy Development Corporation (EDC), a subsidiary of First Gen Corporation of the Lopez group. MORE Power will be utilizing the contracted power supply in servicing its roughly 87,000 customers in...
The Energy Regulatory Commission (ERC) has provisionally approved the power supply agreement (PSA) underwritten by the Batangas II Electric Cooperative (BATELEC II) with Bac-Man Geothermal Inc. (BGI), which is a subsidiary company of the Lopez-led Energy Development Corporation. The regulatory body...
TDK Philippines Corp., a manufacturing firm for electronic components, had shifted its electricity service usage to renewable energy (RE) and will tap Energy Development Corp. (EDC) of Lopez-led First Gen Corp. for its supply. The TDK Group said it had taken this move for its entire manufacturing...
The 3.6-megawatt binary expansion of the Mindanao geothermal power plant of Lopez-led Energy Development Corporation (EDC) is now delivering capacity into the grid, hence, reinforcing Mindanao’s portfolio on the renewable energy (RE) sphere. The P1.9 billion Mindanao-3 (M3) expansion project...
Ayala-led ACEN Corporation is ramping up its renewable energy (RE) portfolio investments portfolio target across Asian markets to 18,000 megawatts (MW), a mammoth 13,000MW expansion from its original development plan of 5,000MW through year 2025, making it the biggest capacity build-up by a power...
Lopez-led First Gen Corporation and Energy Development Corporation (EDC) have signed up at least 11 new customers for power supply agreements (PSAs) anchored on the Green Energy Option Program (GEOP) instituted by the government. First Gen-EDC's new customers include Asahi Electrical Manufacturing...
