2019 Integrated Report
Manufactured CapitalUpgrading our assets for optimal performance
Current total installed capacity
Total clean power generated, in sales volume, in 2019
Earmarked investment to enhance climate resiliency and to future-proof assets
EDC’s manufactured capital is primarily composed of our geothermal steam fields and power plants. The physical, material, and technological inputs related to the maintenance of our steam fields and power plants enable us to generate power in a reliable and resilient manner. For our manufactured capital, we put a premium on ensuring the reliability and resiliency of our steam fields and power plants across the fleet.
Our geothermal steam fields and power plants currently enjoy high reliability and availability. While this performance is already commendable, we can still improve it and make it more consistent by improving equipment reliability and resilience to climate change and geohazards.
Natural Catastrophe Resiliency Program
EDC’s operations rely heavily on harnessing energy from natural resources such as geothermal or steam, water, wind, and sunlight. While this allows for cleaner energy production, this also makes our operations vulnerable to certain natural phenomena, such as geohazards and climate change. As such, part of our risk management strategy is to embed resiliency into our assets.
We developed our Natural Catastrophe Resiliency Program anchored on the principles of the United Nations’ Disaster Risk Management Framework. The program and its accompanying framework allows us to prioritize investments through the value-at-risk (VAR) approach to address our identified top risks related to natural catastrophes. The program is currently focused on mitigating four natural catastrophes, namely, landslides, flash floods, earthquakes, and typhoons.
Additionally, EDC has earmarked PhP700 million to further enhance resiliency and future-proof its assets.
Our geothermal steam fields and power plants currently enjoy high reliability and availability.
Asset Management Program
In support of our strategic objective on operational excellence, EDC embarked on an Asset Management Program in 2019, intended to improve efficiency by simplifying processes and adopting best-in-class standards.
We developed an optimized maintenance program for more than 90,000 assets across our fleet, which cut unnecessary time-based maintenance activities, all while upgrading the asset health monitoring capabilities of our critical equipment. This greatly improved our outage performance and reduced our maintenance costs.
As part of the program, we also implemented a comprehensive IBM Maximo Enterprise Asset Management (EAM) System, which aims to provide a single platform for all our essential operations and maintenance processes. With this, we underscore the importance of system-based asset management to organizations.
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Our 2019 Integrated Report
Our Integrated Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.