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Lopez unit, Canadian firm to develop geothermal areas in Chile, Peru

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Energy Development Corp. (EDC), the country’s largest geothermal resources firm, signed a joint-venture agreement with Canada-based Alterra Power Corp. for the joint development of four geothermal concession areas in Chile and Peru.

Posted: May 20th, 2013 in Headlines | Read More »

Trans-Asia wind farm gets gov’t certification

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Trans-Asia Oil and Energy Development Corp. has secured a “declaration of commerciality” certificate from the Department of Energy for its planned 54-megawatt wind farm in San Lorenzo, Guimaras.

Posted: May 20th, 2013 in Headlines | Read More »

Wind projects in Ilocos Norte, Rizal get DOE certifications

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Local power developers Energy Development Corp. and Alternergy Wind One Corp. secured from the Department of Energy last Friday the “declaration of commerciality” for their wind power projects in Luzon.

Posted: May 20th, 2013 in Headlines | Read More »

EDC sees flat growth in revenue this year

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Energy Development Corp., the country’s largest producer of geothermal energy, expects growth of its revenue and recurring income to be flat this year.

Posted: May 7th, 2013 in Headlines | Read More »

EDC eyes interest in Chile project

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Energy Development Corp., the country’s biggest producer of geothermal energy, is acquiring a 70-percent stake in a geothermal concession in Chile, which is currently owned by Canada-based Alterra Power Corp.

Posted: May 6th, 2013 in Latest Business Stories | Read More »

Lopez firm builds up P19-B war chest

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Energy Development Corp. has successfully built up an initial war chest of P19 billion following the issuance and listing of P7 billion worth of fixed-rate bonds Friday.

Posted: May 4th, 2013 in Editor's Pick,Headlines | Read More »

EDC ties up with Peru firm

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Energy Development Corp., the country’s biggest geothermal producer, has formed a company that will explore and develop a geothermal concession area in Peru.

Posted: May 2nd, 2013 in Headlines | Read More »

EDC shuts down BacMan unit anew

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Energy Development Corp., the country’s largest producer of geothermal energy, is again stopping operations of the 55-megawatt Unit 1 of the Bacon-Manito geothermal plants, a month after it resumed operations.

Posted: April 29th, 2013 in Headlines | Read More »

BacMan’s 55-MW facility resumes operations

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Energy Development Corp., the country’s largest producer of geothermal energy, has resumed the operations of the 55-megawatt Unit 1 of the Bacon-Manito geothermal plants in Albay and Sorsogon.

Posted: April 8th, 2013 in Headlines | Read More »

EDC ordered to submit rehab plan for Leyte field

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The Department of Energy has asked Energy Development Corp., the country’s largest geothermal producer, to submit a “holistic” rehabilitation plan for the Upper Mahiao field in Leyte to prevent the occurrence of a landslide, similar to what happened last month.

Posted: April 8th, 2013 in Latest Business Stories | Read More »

Lopez geothermal unit sets P7-B bond issue

Energy Development Corp., the country’s largest producer of geothermal energy, is seeking regulator’s approval to proceed with the issuance of fixed rate bonds next month to raise up to P7 billion.

Posted: March 8th, 2013 in Editor's Pick,Headlines | Read More »

Sagging Sabah

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All of a sudden, from out of nowhere, just as the Aquino (Part II) administration struggles with the territorial dispute with China in the West Philippine Sea, another sovereignty issue over Sabah confronts our leader Benigno Simeon (aka BS), that is sagging the country’s image before foreign media.

Posted: March 7th, 2013 in Columnists,Inquirer Columns | Read More »

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