Lopez family’s EDC, Exergy to boost Leyte power supply
Originally published on Inquirer.net Global renewable energy developer Exergy International Srl has inked an agreement with the Lopez family’s Energy Development Corp. (EDC) for the supply of a 28-megawatt (MW) binary system in Leyte province as the company works to expand its footprint in the Asia-Pacific region. According to Exergy, the project will expand the 180-MW […]
First Gen income up 30% on higher sales
Originally published on Inquirer.net Lopez-led First Gen Corp. booked in the first half of 2023 earnings of P9 billion, a 30-percent growth from last year, on the back of better operating income from its renewable energy unit despite higher interest expenses in its natural gas plants. The geothermal plants of Energy Development Corp. (EDC), First Gen’s […]
Can reforestation efforts reverse the damage done in the Philippines?
Originally published on Eco-business.com Decades of logging, urbanisation and land conversion have destroyed Philippine forests. While there are local efforts to repopulate deforested areas, the country is still trying to strike a better balance between meeting the needs of society and putting nature first. More needs to be done to prevent further deforestation within the […]
Energy Development Corporation rescues 17 endangered native tree species in Ilocos Norte and Palawan
Originally published on Inquirer.net Saving the country’s native trees from extinction is a tall order, but one that needs to be taken seriously, with no further delay, and with full commitment, if stakeholders are to succeed. It becomes an even more urgent situation knowing that about 47 percent of local native tree species are threatened with […]
EDC highlights regenerative thinking in the 2023 SIKAT Solidarity Building
SIKAT scholars planted a seedling in a tree growing activity on the first day of the SIKAT annual event. First Gen-owned geothermal leader Energy Development Corporation’s (EDC) emphasized the value of youth empowerment to ignite regenerative thinking among its scholars in the face-to-face solidarity building and leadership skills training held at the Keitech facility in […]
EDC, AFoCO, and FMB lead private-public efforts in BacMan regreening project
In a significant step toward forest restoration and sustainable management, the Energy Development Corporation (EDC), a leading renewable energy company under First Gen, joined hands with the Asian Forest Cooperation Organization (AFoCO) and the Forest Management Bureau (FMB) to begin work on the project titled: Forest Restoration Using Philippine Threatened and Endemic Tree Species (PTES) […]
DepEd supports GeoSkwela project of EDC
Grade 6 students from Tongonan (Kananga) Elementary School reading the GeoSkwela booklets distributed by EDC. About 1,000 students from Grade 6, 9, and 11 currently enrolled in 9 schools of Ormoc City and Kananga will benefit from the GeoSkwela project of the renewable energy leader. The Department of Education (DepEd) Ormoc City and Kananga Divisions […]
From bitter to better: The story of “second chances” of Keitech’s Batch 14 Class Valedictorian
Twenty-two-year-old John Fery Torreon tried his luck, together with his friends, at the Keitech Educational Foundation in 2021. The results were released on his birthday – all of them passed, except him. This challenged him to apply again last year. To his surprise, he qualified and made it to the top 10 passers. After almost […]
DENR, EDC commit to protect native trees
Originally published on pna.gov.ph SAVING FORESTS. Officials and personnel of the Department of Environment and Natural Resources Region 7 and Energy Development Corporation listen to a demo on propagating native tree species. On Thursday (June 22, 2023), the officials led the re-launching of a modern Vegetative Material Reproduction nursery at the EDC’s geothermal complex in […]
EDC recognized as ESG champion in AREA Awards
First Gen-owned renewable energy company Energy Development Corporation was recognized as an ESG champion at the Asia Responsible Enterprise Awards (AREA) 2023. Presented by regional non-profit organization Enterprise Asia, the AREA is widely regarded as the gold standard for ESG and sustainability practices across Asia. In its Integrated Report (IR) for 2021, EDC showcases its […]