Energy Development Corp - Company Profile
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Energy Development Corp (EDC), a subsidiary of First Gen Corp, is a renewable energy company. The company explores, develops, operates and utilizes geothermal energy and other indigenous renewable energy projects in the Philippines. EDC generates electricity by utilizing geothermal energy and other renewable energy sources such as hydro, wind and solar. Its business activities include the production of geothermal steam and the generation and sale of electricity. The company also provides services related to geothermal projects such as reservoir engineering and management; environmental management; project planning and construction; and steam field commissioning, operation and maintenance among others. EDC is headquartered in Pasig, Philippines.
Headquarters
Philippines
Address
40th Floor One Corporate Centre,Ortigas Center, Julia Vargas corner Meralco Avenue, Ortigas Center, Pasig, 1605
Website
www.energy.com.ph
Telephone
63 2 77552332
No of Employees
1,548
Industry
Alternative Energy
Revenue (2022)
$758.7M
Energy Development Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Geothermal Exploration and Development |
| Steam | Reservoir Engineering and Management |
| Engineering Design | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into an agreement with Exergy International for the expansion of the mahanagdong180 MWe single flash power plant in Leyte, Eastern Visayas, the Philippines, to provide 28 MWe binary system. |
| 2022 | Regulatory Approval | In November, the company secured a grant from the US Trade and Development Agency (USTDA) for a feasibility study on a planned geothermal power project in Mindanao, Philippines. |
| 2022 | Corporate Changes/Expansions | In April, the company expanded its Mt. Apo geothermal facility with the launch of its 3.6-megawatt (MW) binary geothermal power plant. |
Competitor Comparison
| Key Parameters | Energy Development Corp | Marubeni Corp | The AES Corp | Vivant Corp | PetroEnergy Resources Corp |
|---|---|---|---|---|---|
| Headquarters | Philippines | Japan | United States of America | Philippines | Philippines |
| City | Pasig | Chiyoda-Ku | Arlington | Cebu | Pasig |
| State/Province | - | Tokyo | Virginia | Cebu | - |
| No. of Employees | 1,548 | 45,995 | 9,100 | 89 | 128 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Federico R. Lopez | Chief Executive Officer; Chairman | Executive Board | 2010 | 61 |
| Erwin O. Avante | Treasurer; Chief Financial Officer; Senior Vice President | Senior Management | 2022 | 48 |
| Jerome H. Cainglet | Chief Operating Officer; President | Senior Management | 2023 | - |
| Emmanuel C. Portugal | Vice President; Head - Technology Office | Senior Management | - | 58 |
| Bernadette Ann V. Policarpio | Secretary; Vice President; Head - Legal and Regulatory Affairs | Senior Management | 2019 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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