Energy Development Corporation - updates

Rappler's latest stories on Energy Development Corporation

ARTICLE FINDER

It's final: SC orders bidding of power deals signed after June 2015

Aug 08, 2019 - 1:50 PM

'No further pleadings or motions will be entertained. Let entry of judgment be made immediately,' says the Supreme Court

POWER DEALS. The Supreme Court orders all power deals signed after June 30, 2015, to undergo a competitive selection process. Photo by Rappler

DENR issues ECC for La Union coal plant project

Nov 03, 2018 - 3:53 PM

The project faces opposition from residents and environmental groups in La Union

Coal plant project in La Union sparks protests

Jul 28, 2018 - 11:45 AM

Residents are urging the La Union provincial government to pass an anti-coal ordinance to stop the construction of a 670-megawatt coal-fired power plant in Luna town

'PROTECT LA UNION'. Groups converge at the town plaza in San Fernando, La Union, in July 2018 to protest coal-fired power plant to be built in Luna. Screenshot from the video of Diane Mendoza Orpilla

EDC net income drops by 6.5% in 1st 9 months due to Leyte earthquake

Nov 15, 2017 - 7:15 PM

The core net income of the renewable energy producer falls to P6.6 billion for the January to September period as the quake in July disrupted operations of its largest power plant

Robinsons Retail Holdings to replace EDC on PSEi

Sep 26, 2017 - 5:00 PM

This comes as the soon-to-be delisted EDC's public float drops below the 12% minimum requirement

Lopezes to sell minority stake in EDC to consortium for up to P14B

Aug 03, 2017 - 8:10 PM

GIC and Macquarie are looking to acquire First Gen s 10 6 stake and public investors 36 5 stake in EDC which may eventually be delisted

EDC says geothermal not dead but efficiency, incentives crucial

May 08, 2017 - 8:05 PM

The renewable energy firm expects flat to modest growth in 2017 as it upgrades its plants for the future

Green groups: Lopez is 'right choice' for DENR post

Jun 21, 2016 - 4:31 PM

UPDATED But environmentalists also urge Gina Lopez to make a strong statement rejecting environmentally destructive projects her own family is pushing for

EDC to build P130M facility to connect Bac-man3 to Luzon grid

Dec 30, 2015 - 12:16 PM

The renewable energy firm is hoping for provisional approval from the ERC to connect its 31MW geothermal plant within the projected timeframe of December 2017

Meralco partners with Repower Energy for hydropower plants

Dec 20, 2015 - 8:17 PM

Repower Energy Development Corporation has over 100 megawatts MW of mini hydropower projects in Quezon Camarines Sur Bukidnon and other provinces

NEW BREED. The Meralco-Repower Energy venture will avail of the feed-in-tariff (FIT) scheme, where the rate is guaranteed by the government for 20 years at P5.9 ($0.12) per kilowatt hour

ADB to help finance PH's largest wind farm

Nov 07, 2015 - 9:54 AM

ADB says the Burgos wind farm will provide a shot in the arm to the government’s push to diversify its energy sources and reduce harmful greenhouse gas emissions

REDUCE GAS EMISSIONS. The operation of this farm will avoid the production of over 200,000 tons of carbon dioxide equivalent emissions a year. Photo from Asian Development Bank

ANZ, Mizuho Bank to help finance Ilocos wind project expansion

Jun 28, 2014 - 1:52 PM

With the new loan of 90 million for the project in the Energy Development Corporation says it is on track to complete the 87 MW Phase 1 of the project by fourth quarter 2014

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through additional loans from ANZ and Mizuho banks. Photo from EDC website

PNB, Security Bank to help finance Burgos wind project expansion

Jun 17, 2014 - 1:49 PM

The Lopez led EDC secures bank loans to partially finance the project raising total investment cost to 450 million

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through loans from PNB and Security Bank. Photo from EDC website

EDC buying stake in 220-MW power plant in Indonesia

May 26, 2014 - 5:16 PM

The Lopez company eyes to finalize the investment by the second half

Ty group putting up another coal plant in Iloilo

Jan 30, 2014 - 5:07 PM

The plant will serve the power requirements of ongoing developments in the province

EDC reactivates Malitbog power plant unit

Jan 02, 2014 - 4:50 PM

EDC will do a reliability run and eventually bring the 75 MW unit back into service

MALITBOG RESTORATION. One of Malitbog's power units is re-energized

EDC restores part of one Haiyan-hit power plant

Dec 19, 2013 - 6:00 PM

The Energy Development Corporation restores one of the Tongonan Power Plant s three generating units

BACK ONLINE. One of the three power generating units of the Tongonan Power Plant is operational

EDC restoring 147MW of Leyte plants' capacity by yearend

Dec 03, 2013 - 6:59 PM

The plants were badly hit by Typhoon Yolanda Haiyan

EDC's Bacman Unit 1 resumes operations

Jun 04, 2013 - 8:11 PM

The Lopez led company says the unit is operating normally at 55 megawatt capacity

OPERATIONAL. Lopez-led Energy Development Corp. (EDC) has resumed operations of the Bacman Unit 1 geothermal plant in Albay. Photo from EDC's 2011 Annual Report

EDC, Canadian firm secure JV for geothermal projects

May 22, 2013 - 10:22 AM

Energy Development Corp EDC and Canadian energy company Alterra Power Corp sign a Joint Venture Agreement JV to develop geothermal projects in South America

Lopez-led EDC shutting down Bacman Unit 1

Apr 29, 2013 - 5:46 PM

Lopez led Energy Development Corp is set to temporarily shut down the Unit 1 of its Bacon Manito BacMan geothermal power project on Thursday May 2

SAFETY SHUTDOWN. An EDC geothermal plant in Mindanao. Taken from EDC 2011 Annual Report.

EDC's Bacman geothermal unit resumes operations

Apr 08, 2013 - 11:09 AM

The geothermal plant was previously shut down for inspection

RECOMMISSIONED. An EDC geothermal plant in Mindanao. Taken from EDC 2011 Annual Report.

Leyte landslide death toll rises to 7

Mar 04, 2013 - 7:42 PM

Another body is retrieved from the site on March 4

LANDSLIDE. Five are killed and 7 are missing after a landslide hit this Lopez-led EDC geothermal power plant in Leyte. Photo from Eastern Visayas Mail

Hope dims for missing workers - EDC

Mar 02, 2013 - 6:40 PM

Lopez led Energy Development Corporation’s EDC and First Balfour are now on search and retrieval mode for the 9 missing workers

LANDSLIDE. Five are killed and 7 are missing after a landslide hit this Lopez-led EDC geothermal power plant in Leyte. Photo from Eastern Visayas Mail

EDC temporarily shuts down BacMan Unit 2

Mar 01, 2013 - 9:51 AM

Geothermal energy producer Energy Development Corp EDC announced that it has shut down its BacMan Unit 2 due to vibration issues

An EDC geothermal plant in Mindanao. Taken from EDC 2011 Annual Report.

EDC profit up on higher electricity sales

Feb 25, 2013 - 2:17 PM

The geothermal energy producer says its recurring net income soared 89 in 2012