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EDC shuts down BacMan unit for maintenance

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Lopez-led Energy Development Corp. (EDC) said Unit 1 of its BacMan geothermal power plant would be on maintenance shutdown for at least 12 days this month.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

EDC’s Bacman1 back online

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The 55-megawatt (MW) Unit 1 of the Bacon-Manito (Bacman1) geothermal facility is up and running again following scheduled maintenance work over the weekend, Energy Development Corp. (EDC) yesterday reported.

Posted: June 4th, 2013 in Headlines | Read More »

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 »

EDC to expand Luzon, Mindanao plants

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Energy Development Corp. (EDC), the country’s largest producer of geothermal energy, may invest as much as $375 million—roughly P15.4 billion at the prevailing exchange rate—for the expansion of power projects in Luzon and Mindanao.

Posted: May 13th, 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 »

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 »

PNOC EC to bid out CNG station contract in January

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PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., targets to bid out by January next year the contract to provide modular units for the planned compressed natural gas station in Mamplasan, Laguna.   This will allow the winning bidder to start as soon as possible the necessary civil [...]

Posted: December 24th, 2012 in Editor's Pick,Headlines | Read More »

Geothermal firm signs contracts with 2 suppliers

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MAIBARARA Geothermal Inc. has signed engineering, procurement and construction contracts with Meralco Industrial Engineering Services Corp. (Miescor) and Yokogawa Philippines Inc. as it pushes forward the completion of its 20-megawatt geothermal power plant in Mt. Makiling next year.

Posted: December 8th, 2012 in Headlines | Read More »

Orka Energy joins $150M geothermal power project

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Orka Energy of Iceland has bought into the $150-million geothermal power project of Biliran Geothermal Inc. in Eastern Visayas, according to Energy Undersecretary Jose M. Layug Jr.

Posted: October 2nd, 2012 in Headlines | Read More »

EDC drops Peru exploration project

Energy Development Corp., the country’s largest producer of geothermal energy, has dropped an exploration project in Peru, after initial assessments showed that existing resources would not be viable enough for power production.

Posted: September 7th, 2012 in Headlines | Read More »

Ayala eyes geothermal, hydro plants

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Ayala Corp. is looking at managing the contracted capacities of the 640-megawatt Unified Leyte geothermal facilities and the 150-MW Casecnan hydropower plant as it moves to increase its foothold in the local energy market.

Posted: September 3rd, 2012 in Editor's Pick,Headlines | Read More »

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