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EDC Eyeing $540-M Geothermal Expansion in Bicol
August 09, 2025
|The Philippine Star
Lopez-led Energy Development Corp. is looking to spend around $540 million (about P31 billion) to further heat up its geothermal power play in the Bicol region.
SORSOGON — Lopez-led Energy Development Corp. is looking to spend around $540 million (about P31 billion) to further heat up its geothermal power play in the Bicol region.
EDC president and COO Jerome Cainglet said the company is charting a 90-megawatt expansion of its existing 150-MW Bacon-Manito (Bac-Man) geothermal complex.
"In the Bac-Man area, (we're looking at) probably another 50 MW. We're exploring the potential we found as well as another 40 MW," Cainglet said in a press briefing here.
Excluding expenses from drilling activities, Cainglet estimates an investment of around $6 million per MW to put up a geothermal facility.
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