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Energy Dev’t Corp. to expand geothermal capacity by 50-60MW in next 2 years

Energy Development Corp. (EDC) is planning to expand the production capacity of existing geothermal plants by 50 to 60 megawatts (MW) in the next two years, its top official said Wednesday.

“We just have a small expansion within our existing sites,” EDC president and CEO Richard Tantoco told reporters on the sidelines of the Philippine International Geothermal Conference in Taguig City.

“For the next two years, mga 50 to 60 MW,” Tantoco said.

For the capacity expansion, EDC is looking at the “optimization” of existing geothermal plants.

“One is in Leyte,” Tantoco noted.

EDC’s geothermal power plants in Leyte have a combined capacity of around 400MW.

“We’re working on partnerships. I don’t know pa the final price. [Ongoing] ang negotiations now,” Tantoco said. “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.

EDC said its power generation in 2016 represented approximately 9% of the country’s total power generation capacity. —VDS, GMA News