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EDC plans 50-60 MW Geothermal Expansion in Philippines

Power News - Published on Mon, 07 Oct 2019

Image Source: energycentral.com
Through optimisation of current geothermal power plants, the Energy Development Corp aims to add up to 50-60 MW in geothermal power generation capacity in the Philippines. In conjunction with the 1st Philippine International Geothermal Conference in Taguig City, Philippines, Richard Tantoco, President and CEO of the country’s Energy Development Corp announces plans for geothermal expansion. The company plans small expansion within the existing sites of geothermal power plants. With that the company hopes to add 50-60 MW in power generation capacity over the next two years. This is to be achieved mostly through optimization of existing geothermal plants, one of them in Leyte. EDC’s geothermal power plants in Leyte have a combined capacity of around 400MW.

Tantoco said that “We’re working on partnerships. I don’t know the final price. [Ther eare ongoing] negotiations now. We’re very interested to invest, so we’re looking for partners.”

As of December 31, 2017, EDC and its subsidiaries owned and operated a diversified portfolio of renewable energy projects in the Philippines with a total installed capacity of 1,472 MW, including geothermal, hydro, wind, and solar. In 2016, EDC’s power generation represented about 9% of the total power generation capacity in the Philippines.

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Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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