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EDC Eyeing $540-M Geothermal Expansion in Bicol
The Philippine Star
|August 09, 2025
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.
यह कहानी The Philippine Star के August 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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