Fact-checked by Grok 2 weeks ago

Energy Development Corporation

The Energy Development Corporation (EDC) is a leading renewable energy company in the Philippines, specializing in the development and operation of geothermal, hydroelectric, wind, and solar power facilities, with a total installed capacity of 1,484.13 MW as of October 2025. Established in 1976 as a government-owned entity under the Philippine National Oil Company (PNOC-EDC), it was privatized in 2007 and is now a subsidiary of First Gen Corporation, part of the Lopez Group, making it the country's largest 100% renewable energy producer and a key contributor to the nation's energy mix, accounting for approximately 20% of the Philippines' total renewable capacity. With nearly 50 years of experience, EDC pioneered geothermal energy development in the Philippines, becoming the world's second-largest geothermal producer by 1983 and maintaining a dominant position with 1,189.34 MW of geothermal capacity as of August 2025, which represents about 60% of the country's total geothermal installed capacity. The company operates as a vertically integrated provider, handling steam production, power generation, and energy sales, while emphasizing sustainable practices, environmental stewardship, and innovation in clean energy technologies to support the Philippines' transition to a low-carbon future. Notable projects include the 132 MW Pantabangan-Masiway Hydroelectric Power Complex (in which EDC holds a 60% stake), the 150 MW Burgos Wind Project, and various geothermal fields across Luzon, Visayas, and Mindanao, earning EDC multiple awards for corporate governance and sustainability.

History

Establishment and Early Operations

The Energy Development Corporation (EDC), originally established as PNOC Energy Development Corporation (PNOC-EDC), was founded in 1976 as a wholly owned subsidiary of the (PNOC). Its mandate was to explore and develop the country's indigenous energy resources, with a primary focus on as a renewable alternative amid the global oil crises of the . In its early years, PNOC-EDC conducted intensive geothermal exploration and resource assessment across the , building on prior surveys by the (NPC). A key milestone came in 1983 with the commissioning of the Tongonan-1 geothermal power plant in , which had a capacity of 112.5 MW and became operational on July 2 after years of development work. Shortly thereafter, the Palinpinon-1 plant in was also commissioned that year, adding another 112.5 MW to the grid and marking PNOC-EDC's formal entry into generation. These projects leveraged flash steam technology and positioned the as the world's second-largest geothermal producer at the time. By the mid-1980s, these initial facilities had established PNOC-EDC as the ' leading geothermal developer, contributing significantly to the national mix with a combined output exceeding 200 MW from its projects alone. The company's efforts in the late and early , including the declaration of Tongonan and Palinpinon as geothermal reservations in 1980, underscored its role in pioneering development in a resource-constrained .

Expansion and Privatization

During the 1990s, Energy Development Corporation (EDC), operating as PNOC-EDC under government ownership, pursued significant expansions in geothermal capacity amid broader energy sector reforms in the . These reforms, initiated through the 1990 Energy Sector Loan from the , aimed to restructure the power industry by encouraging private investment and enhancing in state-led projects, including substantial for geothermal such as steam pipelines and production facilities. A key milestone was the commissioning of the BacMan Geothermal Power Plant in 1993, which added 110 MW through its two 55-MW units, contributing to EDC's overall geothermal output surpassing 700 MW by the mid-1990s and establishing the as the world's second-largest geothermal producer behind the . These government-led initiatives under PNOC-EDC involved heavy investments in field development, including drilling programs and pipeline networks to transport geothermal steam from production wells to power plants, aligning with the decade's push for energy independence and reduced reliance on imported fossil fuels. Building on the early 1980s commissioning of plants like Tongonan and Palinpinon, the 1990s expansions solidified EDC's dominance in the sector, with policy changes such as deregulation facilitating over 700 MW of new geothermal installations nationwide. The trajectory shifted dramatically in 2007 when EDC underwent privatization through a government auction, marking the end of its status as a fully state-owned entity. First Gen Corporation, a subsidiary of the Lopez Group's First Philippine Holdings Corporation, won the bid for the remaining 60% government stake in PNOC-EDC for $920 million, transitioning the company to private ownership and granting it full operational independence to pursue aggressive growth strategies. In the immediate aftermath of , EDC leveraged its new structure for strategic acquisitions to bolster capacity. In , its wholly owned subsidiary, Bac-Man Geothermal Inc. (BGI), acquired the 140 MW BacMan geothermal plants from the Power Sector Assets and Liabilities Management Corporation (PSALM) for $28.25 million in a competitive , reintegrating the assets under EDC's control and enhancing its operations. This move exemplified the post- focus on consolidating geothermal assets to optimize efficiency and expand output.

Modern Growth and Diversification

Following its full transition to a focus post-2010, Energy Development Corporation (EDC) significantly expanded its operations under parent company First Gen Corporation, achieving an installed capacity of approximately 1,484 MW as of late 2025 and establishing itself as the ' largest producer of . This growth built on the agility gained from its 2007 , enabling strategic investments in capacity enhancements across multiple renewable sources. By 2023, EDC's portfolio generated annual revenues of approximately $848.9 million, underscoring its scale in the sector. EDC's diversification strategy, initiated in the early , shifted from geothermal dominance to a balanced renewable mix, incorporating , , and to mitigate risks and complement its core steam and electricity sales, which accounted for about 80% of revenues. Key milestones included the 2014 commissioning of the 150 MW Burgos Wind Project in , marking EDC's entry into energy, and the of the 49.4 MW Nasulo geothermal plant that same year; this was followed by installations such as the 4 MW Burgos-I plant in 2015 and the 2.66 MW Burgos-II in 2016. capacity was also bolstered through upgrades to 132 MW around 2010, enhancing overall portfolio resilience. These efforts positioned EDC as a leader in hybrid renewable systems, integrating geothermal with variable sources like and for more stable output. Notable collaborations further drove modernization, such as the 2018 multi-million-dollar retrofit project with ABB at the Palinpinon 1 and 2 geothermal plants, which upgraded control systems for six units totaling 200 MW to improve efficiency and support clean energy transitions. In August 2025, EDC inaugurated the 22 MW Tanawon geothermal power plant in Sorsogon, adding to its geothermal portfolio and contributing to the nation's clean energy goals. As of late 2025, EDC ranked as the world's second-largest geothermal operator with approximately 1,189 MW in geothermal capacity, representing over 61% of the Philippines' total geothermal output, while its broader renewable achievements included plans for additional wells and binary plants to sustain growth.

Corporate Structure

Ownership and Governance

Energy Development Corporation () is a majority-owned of Red Vulcan Holdings Corporation (approximately 65% voting interest), which in turn is fully owned by First Gen Corporation, a key entity within the Lopez Group of companies. The remaining shares are held by other investors, including Philippines Renewable Energy Holdings Corporation (PREHC) with approximately 35%. This ownership structure was established on November 29, 2007, following the of from control, with Red Vulcan acquiring a controlling stake that has since been maintained at approximately 65.0% of EDC's outstanding voting shares as of December 31, 2024. Through this intermediate entity, First Gen exercises full strategic control over , aligning its operations with the group's focus on development. EDC's governance is overseen by a Board of Directors comprising 11 members, selected for their diverse expertise in renewable energy, infrastructure, and corporate management to ensure effective oversight of the company's geothermal and other renewable initiatives. Key figures include Chairman Federico R. Lopez, whose background in environmental advocacy and leadership of Lopez Group entities emphasizes sustainable energy solutions, and Vice Chairman and Chief Executive Officer Francis Giles B. Puno, who drives the company's commitment to sustainable development through strategic expansion in renewables. Other notable directors include President and Chief Operating Officer Jerome H. Cainglet, with experience in power project development, and independent directors such as Sebastian C. Quiniones Jr., who chairs the Health, Safety, and Environment Committee and brings oil and gas industry knowledge applicable to energy operations. The board adheres strictly to regulations set by the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE), as EDC is a publicly listed company required to maintain transparency and accountability in its decision-making processes. Corporate policies at prioritize ethical operations and robust , guided by the company's Manual on , which aligns with international best practices and mandates. These policies include fostering a risk-aware culture, ensuring compliance with environmental and legal standards, and promoting ethical conduct across all levels of the organization to support long-term in production. Financial oversight is maintained through annual reporting via Form 17-A, which details the company's financial position, practices, and compliance status, providing stakeholders with comprehensive insights into its operations and strategic direction.

Affiliates and Subsidiaries

Energy Development Corporation (EDC) operates through a network of subsidiaries and affiliates that manage specific assets, enabling focused development and operations across geothermal, , , and projects. These entities report to EDC's governance structure, which oversees their asset-specific activities while integrating them into the company's overall portfolio of 1,484.13 MW installed capacity as of August 2025. A key subsidiary, BacMan Geothermal Inc. (BGI), is an indirect wholly owned entity of EDC that operates the 150 MW Bac-Man Geothermal Power Plants in the Bicol Region, acquired through a 2010 bid to expand EDC's geothermal presence in Luzon. BGI focuses on the production, exploration, and maintenance of these facilities, contributing significantly to EDC's geothermal output by leveraging the region's volcanic resources for sustainable baseload power. Green Core Geothermal Inc. (GCGI), another wholly owned subsidiary via EDC's holding company First Luzon Geothermal Energy Corporation, manages the 192.5 MW Palinpinon and 112.5 MW Tongonan I geothermal power plants in and , secured in a 2009 bid. GCGI handles the day-to-day operations, including steamfield management and plant efficiency, supporting EDC's diversification into high-capacity geothermal sites in the . Other subsidiaries include Upper Mahiao Geothermal Energy Inc. (ULGEI) and Bacon-Manito Energy Development Corporation (BEDC), focusing on additional geothermal assets. For non-geothermal renewables, EDC's subsidiaries include EDC Burgos Wind Power Corporation (EBWPC), which operates the 150 MW Burgos Wind Energy Project in Ilocos Norte, advancing EDC's wind power initiatives as part of its broader renewable diversification. Additionally, entities like First Gen Hydro Power Corporation, an affiliate under the First Gen umbrella, oversee the 132 MW Pantabangan-Masiway hydropower complex, upgraded in 2010 to enhance EDC's hydroelectric contributions. Solar projects with capacities up to several megawatts are managed through specialized subsidiaries to integrate photovoltaic energy into the portfolio. Affiliate relationships, including with First Gas Power Corporation, provide integrated energy solutions that complement EDC's renewables through natural gas infrastructure, collectively bolstering the group's capacity under First Gen Corporation's ownership. This structure allows subsidiaries to specialize in project execution while aligning with EDC's goal of production.

Operations

Geothermal Energy Production

Energy Development Corporation (EDC) operates as a vertically integrated company, managing the entire from resource exploration and development to steam production, power generation, and sales to utilities and distributors. This allows EDC to control key stages, including geological surveys, , reservoir , and fluid extraction, ensuring efficient resource utilization across its Philippine operations. The company's geothermal activities, which account for approximately 80% of its revenue, focus on harnessing hydrothermal through sustainable practices that minimize environmental impact while maximizing output reliability. The geothermal production process at EDC begins with exploration, involving seismic surveys and exploratory drilling to identify viable reservoirs, followed by production well drilling to depths often exceeding 2,000 meters. Steam or hot brine is then extracted from these underground reservoirs, where temperatures can reach 200–350°C; in flash steam systems, high-pressure fluid is depressurized to produce steam that drives turbines directly, while binary cycle technology—utilized in several EDC facilities—employs a closed-loop secondary fluid (such as isobutane) heated by the geothermal brine to vaporize and generate electricity without direct steam contact, enabling efficient use of lower-temperature resources. Extracted fluids are reinjected into the reservoir via injection wells to maintain pressure and prevent depletion, supporting long-term field sustainability. EDC's steam supply operations deliver high-quality geothermal steam to on-site power plants and third-party distributors, with real-time monitoring ensuring optimal purity and flow. EDC's geothermal production metrics underscore its , with an installed of 1,189.34 MW as of October 2025, representing approximately 60% of the ' total geothermal and contributing significantly to the nation's baseload power needs. In August 2025, EDC inaugurated the 22 MW Tanawon Geothermal Power Plant at the Bac-Man site, enhancing . This output powers major grids and supports , with annual generation equivalent to avoiding millions of tons of CO₂ emissions compared to fossil fuels. The company's fields demonstrate proven longevity, with some reservoirs sustaining production for over 40 years through careful . Technological advancements have been central to EDC's operations, including the development of a patented on-line Steam Purity Monitoring system in 2010, which provides real-time data on steam quality to enhance turbine efficiency and reduce maintenance downtime. EDC employs state-of-the-art drilling rigs equipped with variable frequency drives and integrated control systems for precise well construction, while reservoir management strategies—such as advanced modeling and reinjection optimization—help sustain output levels for decades by balancing extraction rates with natural recharge. Pipeline infrastructure innovations further improve steam delivery efficiency, minimizing losses through corrosion-resistant materials and automated pressure controls. These efforts position EDC as a leader in extending geothermal resource lifespans beyond typical industry benchmarks. Globally, EDC holds the distinction of being the world's largest vertically integrated producer, leveraging over 45 years of expertise to pioneer sustainable extraction methods that minimize depletion and environmental footprint. This standing reflects its role in advancing wet steam field technology and applications, contributing to the ' position as the third-largest geothermal-producing country.

Other Renewable Energy Sources

In the 2010s, Energy Development Corporation (EDC) began diversifying its renewable energy portfolio beyond geothermal by investing in , marking a strategic shift to enhance energy stability and contribute to the ' renewable energy goals. The company's flagship wind project, the 150 MW Burgos Wind Energy Project in , features onshore turbine installations that leverage the region's consistent resources, contributing significantly to the national grid since its commercial operations commenced in 2014. This onshore focus aligns with the ' viable wind potential in northern areas, while EDC has also pursued opportunities, including the planned 600 MW Guimaras Strait II Wind Power Project, to tap into the country's estimated 178 offshore wind resource potential. EDC's solar initiatives emphasize photovoltaic systems integrated into hybrid setups to complement baseload generation, ensuring more consistent output amid variable sunlight. The Burgos-I Solar Power Plant (4.16 MW) and Burgos-II Solar Power Plant (2.66 MW), both in , represent early efforts operational since 2015 and 2016, respectively, with the company's total solar capacity reaching 6.82 MW as part of broader plans to install photovoltaic arrays within geothermal sites for enhanced hybrid performance. These projects utilize ground-mounted panels to minimize and support grid reliability, reflecting EDC's approach to solar as a supplementary renewable source. Hydropower forms another pillar of EDC's non-geothermal renewables, with the company prioritizing small- to mid-scale run-of-river designs that harness natural river flows with minimal ecological disruption. The 132 MW Pantabangan-Masiway in , upgraded from 112 MW and acquired in 2008, exemplifies this low-impact strategy by diverting water without large reservoirs, thereby preserving downstream ecosystems and supporting in . This facility's run-of-river configuration allows for flexible generation tied to seasonal flows, emphasizing in water-scarce regions. Collectively, EDC's wind, solar, and hydropower assets account for approximately 289 MW, representing about 20% of its total 1,484.13 MW renewable portfolio and reducing dependence on geothermal while advancing the Philippines' targets of 35% renewable energy share by 2030 and 50% by 2040. This diversification, initiated prominently in the 2010s, positions EDC as a key player in national energy security and climate resilience efforts.

Power Generation Facilities

Geothermal Power Plants

The Energy Development Corporation (EDC) operates a portfolio of geothermal power plants across the , contributing significantly to the nation's supply with a total installed capacity of 1,185.40 MW as of 2025. These facilities are concentrated in key geothermal fields in , , and Bicol, leveraging high-temperature reservoirs to generate baseload power through steam-driven turbines. EDC's geothermal assets account for over 60% of the country's total installed geothermal capacity, underscoring their role as the largest producer in the . The Leyte Geothermal Project, centered in the Tongonan field in Leyte province, is EDC's flagship operation and the largest geothermal complex in the Philippines, with an installed capacity of approximately 666 MW across multiple units. Operational since 1983, it includes the 123 MW Tongonan plant, 232.61 MW Malitbog, 198.14 MW Mahanagdong, and 112.08 MW Upper Mahiao, among others, collectively producing reliable baseload power that has generated over 23,460 GWh to date. The project remains active with ongoing rehabilitation efforts, such as planned upgrades for Mahanagdong and Upper Mahiao to extend operations beyond 2040, ensuring sustained output from the field's volcanic resources. In southern , the Palinpinon Geothermal Plant serves as a key facility with an installed capacity of 172.5 MW from Palinpinon I (112.5 MW) and Palinpinon II (60 MW), forming part of a larger complex of approximately 222 MW that also includes the 49.35 MW Southern Negros Geothermal Project (a facility operational since 2010). Commissioned in the early , it has been operational for over 40 years, supplying clean to the grid while undergoing continuous maintenance and upgrades, such as a P3-billion replacement project in 2025 to boost capacity to 126 MW and enhance efficiency. This site exemplifies EDC's focus on longevity through regular refurbishments in a mature geothermal field. The Southern Negros project utilizes low-temperature resources for sustainable generation, complementing the Palinpinon . EDC's Bac-Man Geothermal Plants in and provinces, , provide 150 MW through the Bac-Man I facility, managed by subsidiary Bac-Man Geothermal Inc. (BGI). Acquired from the Philippine government in 2010 for 1.28 billion, these facilities were rehabilitated post-purchase to restore full operations by 2014, focusing on Bicol's expansion potential with plans for an additional 90 MW over the next five years. The plants utilize the Bacon-Manito field's brine resources for generation, contributing to regional . Additional sites include the Mahanagdong facility within the project (198.14 MW, operational with recent binary expansions). These operations highlight EDC's integrated approach to resource optimization in diverse volcanic terrains.

Wind Power Facilities

Energy Development Corporation (EDC) has developed as a key component of its non-geothermal portfolio, with an installed capacity of 150 MW dedicated to this source. The company's flagship wind project is the Burgos Wind Energy Project, located in , in northern , . This facility, which commenced commercial operations in 2014, consists of 87 generators supplied by , each with a hub height of 100 and a rotor of 90 , enabling efficient harnessing of the region's consistent resources. The project generates approximately 370 GWh annually, supporting the grid and reducing reliance on fossil fuels by displacing an estimated 300,000 tons of CO2 emissions each year. The Burgos Wind Project exemplifies EDC's focus on onshore wind development in wind-rich areas, contributing to energy diversification while minimizing land use through elevated turbine designs that allow agricultural activities beneath the structures. As part of broader sustainability efforts, the facility incorporates bird and bat monitoring programs to mitigate wildlife impacts, aligning with environmental standards set by the Philippine Department of Energy.

Solar Power Facilities

EDC's solar power installations represent an emerging segment of its renewable assets, with a total capacity of 11.99 MW from ground-mounted photovoltaic (PV) arrays primarily located in Ilocos Norte. The Burgos-I Solar Power Plant, a 4 MW facility, began operations in 2015 and utilizes monocrystalline solar panels to capture sunlight in the sunny coastal region, producing around 6 GWh per year. Complementing this is the 2.66 MW Burgos-II Solar Power Plant, which started generating power in 2016 and employs similar PV technology to add further baseload support during peak daylight hours. These plants together contribute to EDC's goal of integrating variable solar output into the national grid, with an emphasis on low-water usage and recyclable components to reduce operational footprints. Additional capacity, bringing the total to nearly 12 MW, includes smaller systems co-located with other sites, enhancing daytime energy availability without extensive new infrastructure. The facilities demonstrate EDC's strategic partnerships, such as with First Gen Corporation, to scale deployment amid the ' abundant tropical insolation, which averages 4.5-5.5 kWh/m² daily in the project areas. These installations play a role in EDC's diversification strategy by providing clean, modular power that complements intermittent sources.

Hydropower Facilities

Hydropower forms a stable foundation in EDC's renewable mix, with 132.5 MW of installed capacity from run-of-river and cascading systems designed for minimal environmental disruption. The primary asset is the in , , which EDC acquired a 60% stake in through First Gen Hydro Power Corporation in 2008. Originally at 112 MW, the complex was upgraded to its current 132 MW capacity in 2010, featuring two plants: the 120 MW facility and the 12 MW Masiway plant downstream, utilizing the Pampanga River's flow for generation. This setup produces over 400 GWh annually, with a focus on seasonal water management to maintain river ecosystems and support needs. The complex's design emphasizes , employing fish ladders and flushing to preserve aquatic habitats and downstream water quality, in compliance with guidelines from the Philippine National Irrigation Administration. By leveraging natural river gradients without large reservoirs, the facility achieves a low while providing dispatchable power that stabilizes grid fluctuations from other renewables. EDC's operations contribute to the company's overall renewable diversification, ensuring reliable baseload contributions in water-abundant regions.

Integration and Contributions

EDC integrates its , , and facilities into hybrid configurations where feasible, such as co-locating arrays near sites in to optimize land use and grid connectivity, thereby enhancing system reliability and reducing transmission losses. These non-geothermal assets collectively add over 294 MW to EDC's portfolio, representing about 20% of the ' total renewable capacity and supporting national targets for clean energy under the Renewable Energy Act of 2008.

Sustainability and Community Impact

Environmental Initiatives

Energy Development Corporation (EDC) implements comprehensive geothermal sustainability practices to ensure long-term resource viability and minimize environmental impacts across its operations. Central to these efforts is the adoption of a Zero-Discharge System (ZDS), which reinjects geothermal water back into reservoirs to prevent depletion and maintain hydrological balance, as demonstrated through ongoing Water Budget Studies for . Additionally, EDC conducts continuous monitoring of reservoir performance and facility emissions to comply with Philippine environmental regulations, including the Clean Water Act and Clean Air Act, while utilizing third-party services for waste handling. initiatives around geothermal sites further support sustainability by restoring degraded areas; for instance, through the BINHI program launched in 2008, EDC has rehabilitated over 10,140 hectares of forests as of the latest reports, including the propagation of native tree species to enhance resilience. Efficient utilization in geothermal processes, including recovery technologies, maximizes energy output while reducing waste, as seen in projects like the Mindanao 3 power plant that recovers additional power from geothermal fluids. In terms of biodiversity efforts, EDC manages protected areas within its geothermal fields, particularly in , where collaborations with and the Department of Environment and Natural Resources (DENR) focus on and . The company's Biodiversity Conservation and Monitoring Program (BCMP), integrated into the BINHI initiative, has documented 514 and protected 96 threatened native across sites, including efforts to preserve habitats in Carigara, , through community-led patrols and reforestation. These activities extend to establishing 33 botanical gardens and arboreta, fostering connectivity in ecosystems near operational areas to support migration and overall . EDC contributes significantly to carbon reduction as the Philippines' leading geothermal producer, aligning with national renewable energy targets under the Philippine Energy Plan. By generating 100% renewable geothermal power, the company achieved carbon negativity in its operations as of 2018, with a low emission intensity of 0.1 tons of CO2 equivalent per megawatt-hour (tCO2e/MWh), a status maintained through 2023. In 2018, EDC's energy sales avoided approximately 7.8 million tons of CO2 emissions compared to fossil fuel alternatives. Complementary measures, such as BINHI's reforestation, sequestered 1.74 million tCO2e in 2020 and 1.7 million tonnes of CO2 in 2023—exceeding its emissions of 1.1 million tonnes that year—while broader initiatives like the Net Zero Carbon Alliance promote emission reductions across sectors. EDC holds ISO 14001:2015 certification for its Environmental Management System, integrated with ISO 9001:2015 and ISO 45001:2018 standards, as awarded by Bureau Veritas in 2022, ensuring systematic approaches to pollution prevention and resource conservation across facilities. Specific sites, such as the Southern Negros Geothermal Project, have maintained ISO 14001:2015 compliance since 2017, with ongoing surveillance audits confirming adherence. The company has also received awards for green operations, including the Green Company of the Year at the ACES Awards 2024 for its BINHI program, a 2022 commendation for the Bac-Man Geothermal Power Plant's environmental efforts, the Community Initiative Award at the ACES Awards 2025, and recognition for ESG initiatives at the Asia Responsible Enterprise Awards in November 2025. In 2025, EDC championed environmental stewardship through initiatives like mangrove planting and youth engagement at Burgos Wind Project in August, participation in the 5th Philippine Environment Summit in April highlighting BINHI, and leading discussions on nature-based solutions at the PUNLA Multistakeholder Forum in October.

Corporate Social Responsibility

Energy Development Corporation (EDC) implements a range of community programs under its (CSR) framework, known as CSR-HELEN, which emphasizes health, education, , environment, and natural resource stewardship in host communities across the , particularly in geothermal areas like and Bicol. In , the TGP Coffee and Cacao Project supports the expansion of a 45-hectare through partnerships with local farmers' associations, providing training and market access to enhance livelihoods. In Bicol, EDC has delivered infrastructure support, including temporary power supply to over 400,000 households in and following Rolly in , alongside distributing 2,650 sacks of rice to affected families in and . Additionally, EDC backs four projects, such as the Manito in and Mt. Apo Sukkudanan in , benefiting more than 600 households through sustainable income opportunities. Short-term initiatives, including and mask production, have aided 1,568 households in the latter half of alone. EDC's education initiatives prioritize scholarships and programs to foster careers among youth in operational areas. The flagship SIKAT program offers full scholarships, laptops, Wi-Fi connectivity, and internet allowances to high school and college students in , guiding them from academics to while instilling and values; for instance, nine SIKAT scholars participated in a 2023 leadership camp featuring visits to the Bac-Man Geothermal Project. Through the Mount Apo Foundation, EDC supported 17 scholars with tablets and counseling services in 2020. Partnerships with the Department of Education (DepEd) extend to promotion, such as donating printers and supplies to 16 schools in and school bags and raincoats to students in 10 elementary schools in , improving access to and . These efforts annually benefit thousands of students, aligning with EDC's goal of building a regenerative future through knowledgeable community leaders. In health and welfare, EDC conducts medical missions and integrates disaster response into its operations to bolster community resilience. In Bicol's Bac-Man area, regular medical missions and medicine distribution serve all nine host barangays, addressing primary healthcare needs. During the COVID-19 pandemic, EDC allocated PHP 165 million for support measures, including container vans as hospital extensions, benefiting 5,400 individuals and 25,000 households with food, personal protective equipment, and aid for frontliners. Employee-driven donations added PHP 2.6 million for these efforts. These programs contribute to long-term welfare by enhancing access to healthcare and rapid response capabilities in vulnerable areas like Leyte and Bicol. EDC reports its CSR impacts through annual Integrated Reports, which detail investments and outcomes aligned with the , particularly those related to affordable clean and community partnerships. In 2020, EDC invested PHP 274.3 million in CSR across , , and resiliency, as outlined in its , demonstrating measurable progress in development. The 2023 and 2024 reports further emphasize regenerative practices, tracking how programs like SIKAT and livelihood projects advance sustainable community growth without overlapping with purely environmental efforts.

References

  1. [1]
    Who We Are - Energy Development Corporation
    With over 40 years of pioneering sustainable practices, it is the Philippines' leading 100% renewable energy producer with an installed capacity of 1,480.19 MW ...
  2. [2]
    Energy Development Corp - Company Profile and News
    Energy Development Corporation produces geothermal energy products. The Company produces steam for delivery to electricity generating plants.
  3. [3]
    Geothermal Energy Development in the Philippines | ThinkGeoEnergy
    Aug 28, 2015 · ... Corporation-Exploration Development Corporation (PNOC-EDC) in 1976. The PNOC-EDC, a GOCC, was tasked to spearhead the development of the ...
  4. [4]
    EDC celebrates 40th anniversary of Tongonan geothermal field ...
    Oct 24, 2023 · 1976 –PNOC-EDC was created as part of PNOC's mission to explore other sources of indigenous, renewable, non-oil energy resources, such as ...
  5. [5]
    EDC's Palinpinon-1 Geothermal Facility celebrates 40 years of ...
    Dec 12, 2023 · The Palinpinon-1 geothermal facility of EDC in Negros Island, Philippines celebrates 40 years of supplying clean and renewable power to the national grid.
  6. [6]
    [PDF] Philippines Energy Sector Project - Documents & Reports
    The loans were approved on February 1, 1990, and closed between June 1995 and April 1996, from one year to sixteen months behind schedule. A total of US$19.4 ...
  7. [7]
    [PDF] IFIs & Privatization in the Philippine Power & Water Sectors
    Nov 7, 2003 · 1990: Energy Sector Loan ($370.6 million) laid the foundation for reforms in the power sector; this includes the restructuring of NAPOCOR. ▫ ...
  8. [8]
    Bac-man Geothermal Inc. (BGI) - Energy Development Corporation
    BGI, or Bac-man Geothermal Inc., operates a 150-MW geothermal power plant and is a subsidiary of Energy Development Corporation (EDC).Missing: 1990s | Show results with:1990s
  9. [9]
    [PDF] Geothermal handbook: PlanninG and FinancinG Power Generation
    Since the 1970s, geothermal development has grown from a single 37.5 MW power ... “Philippine Geothermal Giant EDC Greens the Earth in More Ways than One.Missing: Union | Show results with:Union
  10. [10]
    [PDF] Utility & Policy.indd - Events | GRC Events
    PNOC-Energy Development Corporation (PNOC-EDC), a government-owned and -controlled corporation operates seven of the contracts (Table 2). These are Leyte ...
  11. [11]
    PNOC-EDC goes to First Gen | GMA News Online
    Nov 22, 2007 · The government on Thursday awarded its remaining 60% interest in Philippine National Oil Co.-Energy Development Corporation (PNOC-EDC) to a Lopez-led ...
  12. [12]
  13. [13]
    EDC subsidiary pays PHP1.28 billion for Bacman power plants
    Sep 9, 2010 · (BGI), a wholly owned subsidiary of geothermal leader Energy Development Corporation (EDC), has achieved closing on the 150-MW Bacman geothermal ...
  14. [14]
    [PDF] ENERGY DEVELOPMENT CORPORATION (Company's full Name ...
    Mar 27, 2025 · BGI is currently operating the 140 MW Bac-Man. Geothermal Power Plants (“BMGPP”) in Bicol, which it acquired from PSALM in May 2010. ... Company ...
  15. [15]
    EDC unit completes purchase of Bacman geothermal complex
    Sep 4, 2010 · Bacman Geothermal Inc. (BGI), a wholly-owned subsidiary of Energy Development Corp. (EDC), has paid in full its P1.28-billion bid for the ...
  16. [16]
    Energy Development Corp Company Profile - Overview - GlobalData
    Energy Development Corporation (EDC) is one of the leading renewable energy ... 1,443. Industry Alternative Energy. Revenue (2023) $848.9M. Gain access to our ...
  17. [17]
    EDC fires up new P7-B geothermal power plant - Inquirer Business
    Aug 1, 2025 · Energy Development Corp. (EDC) is boosting its dominance in the geothermal power with the activation of a new P7-billion facility.
  18. [18]
    [PDF] ENERGY DEVELOPMENT CORPORATION - CFA Institute
    • Fully privatized in 2007. ENERGY DEVELOPMENT. CORPORATION ... Corp., First Gen Mindanao Hydro Power Corp., First Gen Energy Solutions, Inc., First Gen.
  19. [19]
    [PDF] VALUES @ work - Energy Development Corporation
    Jul 13, 2011 · Acquisition of Bac-Man Geothermal Power Plants. On May 5, 2010, BGI submitted the highest offer price of US$28.25 million for the 150 MW Bac ...
  20. [20]
    ABB lands multi-million-dollar clean energy project in the Philippines
    Sep 18, 2018 · ABB has won a multi-million-dollar order from Energy Development Corporation (EDC), one of the world's largest vertically integrated geothermal companies.Missing: collaboration | Show results with:collaboration
  21. [21]
    BREN set to become world's second-largest geothermal giant
    Jul 7, 2025 · Meanwhile, Energy Development Corp (EDC) from the Philippines ranks second with 967 MW, followed by Ormat Technologies Inc of the US with 958 ...
  22. [22]
    [PDF] A 1 9 9 8 - 1 8 2 6 0 - First Gen
    Apr 25, 2024 · ... EDC's outstanding voting stocks. Red Vulcan still holds the controlling voting interest with 63.9% ownership of EDC's outstanding voting stocks.
  23. [23]
    Board of Directors - Energy Development Corporation
    Mr. Lopez, Filipino, has been a member of the Board since November 29, 2007. He is currently the Chairman and Chief Strategy Officer of EDC and the Chairman ...<|separator|>
  24. [24]
    Management - Energy Development Corporation
    Federico R. Lopez. Chairman of the Board & Chief Strategy Officer ; Francis Giles B. Puno. Vice Chairman & Chief Executive Officer ; Jerome H. Cainglet. President ...
  25. [25]
    Manual on Corporate Governance
    We at Energy Development Corporation commit to proactively and effectively manage risk to ensure that the company achieves its corporate objectives. In order to ...Missing: PSE | Show results with:PSE
  26. [26]
    [PDF] ENERGY DEVELOPMENT CORPORATION (Company's full Name ...
    Mar 8, 2024 · The Parent Company and its subsidiaries, namely GCGI, BGI, and First Gen ... In 2007, PNOC-EDC was privatized in a series of transactions ...
  27. [27]
    Energy Development Corporation: Home
    We are the largest vertically-integrated company in the world. First Gen-EDC has put the Philippines on the map as the third-largest geothermal energy producer ...Contact Us · About · Careers · Our Integrated Report
  28. [28]
    GCGI - Energy Development Corporation
    GCGI is a wholly-owned subsidiary of First Luzon Geothermal Energy Corporation, which is wholly owned by the Energy Development Corporation (EDC).
  29. [29]
    EDC expands Mindanao geothermal site with new binary power plant
    Apr 27, 2022 · Philippine-based Energy Development Corporation (EDC) has ... Tags: binary cycle, binary plant, construction, EDC, expansion ...
  30. [30]
    EDC continues on ambitious geothermal drilling program
    Jun 9, 2025 · The following additions are expected to come online in 2025: 28 MW Mahanagdong Binary, 20 MW Tanawon, and 5.6 MW Bago Binary geothermal power ...
  31. [31]
    MINDANAO - Exergy ORC
    Energy Development Corporation (EDC) is the world's largest vertically integrated geothermal energy producer, boasting over 40 years of history and over ...
  32. [32]
    Renewable energy and resilience in the Philippines
    Powering economic and social development. EDC manages 1.5GW of renewable energy generation capacity across geothermal, solar, hydropower and wind. Representing ...
  33. [33]
    EDC Guimaras Strait II Wind Power Project Offshore Wind Farm
    Power & Turbines. Windfarm Capacity. 600 MW. Turbine Model ; Location & Environment. Sea Name. Sulu Sea. Latitude. 10.842711°. Longitude ; Ports. Installation ...
  34. [34]
    EDC Green Bond Framework - Energy Development Corporation
    EDC is the largest pure renewable energy company in the Philippines, operating 1,186 MW of geothermal, 150 MW of wind, 132 MW of hydroelectric power, and 12 MW ...
  35. [35]
    EDC putting up more solar power plants, energy storage systems
    Dec 11, 2023 · The company has over 1,480 MW of installed capacity, 1,181 MW of which comes from its geothermal portfolio alone. This accounts for more than 60 ...<|separator|>
  36. [36]
    E - H Power Plant | PDF - Scribd
    Type of Power Plant Run-of-the-river hydroelectric power plant. Capacity (MW) 132 MW. Location Pantabangan, Nueva Ecija, Philippines Owner/Operator First Gen ...
  37. [37]
    Philippine Energy Plan (PEP) 2023-2050
    35.0 percent and 50.0 percent RE share in the power generation mix by 2030 and 2040; · 5.0 percent blending for biodiesel starting 2022; · 1.5 percent increase in ...Renewable Energy Roadmap... · Mindanao Energy Plan · Menu
  38. [38]
    Geothermal - First Gen
    EDC owns and operates 13 integrated geothermal power stations in Leyte, Bicol, Southern Negros, and North Cotabato, with an installed capacity of 1,189.34 MW.
  39. [39]
    EDC to upgrade Leyte geothermal plants - Asian Power
    Sep 17, 2025 · ... Upper Mahiao facilities. The upgrades will focus on the steamfield ... 130 MW to at least 200 MW, supported by additional geothermal wells.Missing: handover | Show results with:handover
  40. [40]
    EDC plans to repurpose retiring geothermal plant | Philstar.com
    Oct 22, 2025 · The Upper Mahiao plant, commissioned in 1996, had reportedly been considered for major upgrades along with other geothermal facilities in Leyte.Missing: handover 130
  41. [41]
    EDC unit eyes P3-B upgrade of Negros Oriental power plant
    Jul 11, 2025 · EDC is planning a P3.02-billion expansion of its 112.5-megawatt (MW) Palinpinon 1 Geothermal Power Plant Project in Negros Oriental.
  42. [42]
    EDC to Spend PHP 3B for Palinpinon Geothermal Plant Upgrade
    Jul 15, 2025 · The project involves replacing the current three 37.5-megawatt (MW) turbine generators with new 42-MW units. This will boost the facility's ...Missing: maintenance | Show results with:maintenance
  43. [43]
    BacMan geothermal plant now fully back in operation
    Nov 24, 2014 · In May 2010, EDC acquired the BacMan plant from the government with a winning bid of $28.25 million in an auction conducted by the Power Sector ...
  44. [44]
    EDC eyes 90-MW geothermal expansion in Bac-Man area
    Aug 4, 2025 · (EDC) plans to expand its geothermal fleet by approximately 90 megawatts (MW) over the next five to six years following the recent inauguration ...
  45. [45]
    Exergy signs contract with EDC for Mahanagdong geothermal ...
    Aug 3, 2023 · The project will be an expansion of the Mahanagdong 180 MWe single flash power plant, exploiting the available unused brine to produce additional electricity.
  46. [46]
    SiteMap Page - Natural Capital - Energy Development Corporation
    We have two cascading power plants in Pantabangan that use water to generate power. EDC's solar and wind plants use minimal amounts of water to wash equipment.
  47. [47]
    EXERGY INKS NEW DEAL WITH EDC FOR ITS FIRST BRINE ...
    Apr 19, 2021 · The new Mindanao 3 unit will be EDC's first geothermal brine recovery plant to go online in 2022. It will help generate an additional 3,6 MWe of power.
  48. [48]
    BINHI - Energy Development Corporation
    BINHI aims to restore denuded forests; preserve and propagate threatened native tree species, and protect biodiversity to leave a legacy of a verdant ...
  49. [49]
    EDC, partners to intensify forest protection, biodiversity conservation ...
    Jun 22, 2022 · The remaining forests and wildlife in Carigara, Leyte now have better chances of being preserved and flourishing through First Gen-owned Energy Development ...
  50. [50]
    EDC goes carbon negative via geothermal energy
    Mar 9, 2020 · The Energy Development Corporation (EDC) produces 100% clean, renewable, and reliable geothermal energy as an electricity supplier in the ...
  51. [51]
    Carbon negative through geothermal energy - the interesting story of ...
    Mar 10, 2020 · As of 2018, it had generated total energy sales of 8,945.3 GWh while avoiding 7,782,411 tons CO2 (based on EDC's 0.1 ton CO2/MWh intensity). The ...
  52. [52]
    The road to carbon-neutral through Philippine business alliance
    Aug 21, 2022 · Energy Development Corporation launched the Net Zero Carbon Alliance to unite businesses in the fight against climate change and move toward ...
  53. [53]
    BVPH presents Integrated Management System certification ...
    May 24, 2022 · Congratulations to Energy Development Corporation (EDC) on receiving the Integrated Management System under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 ...
  54. [54]
    EDC Southern Negros plant receives ISO certification
    Sep 8, 2014 · EDC's Southern Negros Geothermal Project has been given the ISO 14001: 2004 certificate for Environmental Management System by SGS ...
  55. [55]
    Energy Development Corporation Named Green Company of the ...
    Dec 6, 2024 · Central to its sustainability efforts is its BINHI programme, launched in 2008 to propagate endangered native tree species, rehabilitate ...
  56. [56]
    EDC receives recognition for outstanding environmental programs
    Jul 27, 2022 · This certificate of commendation was awarded to EDC-Bac-Man Geothermal Power Plant for its exemplary environmental efforts.
  57. [57]
    [PDF] EDC-PR-2016.pdf - Energy Development Corporation
    May 2, 2017 · Committed to a purely renewable portfolio, the company operates 1,169 MW of geothermal, 150 MW of wind,. 132 MW of hydroelectric power, and 6.8 ...
  58. [58]
    Social and Relationship Capital - Energy Development Corporation
    Guided by our Corporate Social Responsibility (CSR) Policy, we strive to enhance the positive impacts we bring to our host communities and address development ...
  59. [59]
    SIKAT - Energy Development Corporation
    KEITECH is a technical-vocational training center based in Leyte providing full scholarships and employment placement support after graduation to poor but ...Missing: initiatives Bicol medical missions<|separator|>
  60. [60]
  61. [61]
    Social and Relationship Capital - First Gen Integrated Report 2024
    EDC is also implementing health program initiatives, such as medical missions and the distribution of medicine to all nine host barangays in Bacman.
  62. [62]
    Integrated Report: Home
    The Energy Development Corporation's (EDC) 2024 Integrated Report cover features a mobile shower unit provided by the local government of the City of ...