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Lopez-led EDC sets expansion in Indonesia
The Philippine Star
|October 03, 2024
Lopez-led Energy Development Corp.(EDC) is looking to establish a foothold in Indonesia as it plans to invest roughly $456 million to develop two greenfield geothermal projects.
EDC, the renewable energy arm of First Gen Corp., has secured surface exploration and drilling rights, or preliminary survey assignments plus exploration, for the Koto Sani Tanjung Bingkung and Bora Pulu projects.
The projects are expected to produce a combined capacity of 80 megawatts (MW).
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