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Energy Development Corporation (EDC), led by the Lopez Group, is actively expanding its geothermal power generation capacity in the country with two identified prospects that..

Lopez-led Energy Development Corporation (EDC) will be reinforcing its geothermal capacity with at least six new projects being lined up for completion by end-2022 and in the next five years. Atty. Allan Barcena, assistant vice president and head of public relations at EDC, noted that four pro

First Gen Corp. (FGen) said its search for liquefied natural gas (LNG) suppliers has elicited “positive feedback.” FGen Executive Vice President and Chief Commercial Officer John Russel said interested suppliers should be able to deliver supply starting 2023 up to 2027 and facilitate spot LNG purchases to supplement LNG supply…

Lopez-led First Gen Corporation has earmarked $550-million capital expenditure (capex) to bankroll its ongoing projects, with the bulk going into into expansion ventures of subsidiary Energy Development Corporation. During the company’s annual stockholders meeting, Emmanuel P. Singson, chief fin

Lopez-led First Gen Corp. has earmarked a capital expenditure of $810 million until 2023, bulk of which will be used to complete its liquefied natural gas terminal and geothermal projects, as well as expand its natural gas and hydropower platform.

Energy Development Corp. (EDC) reported a 19-percent decline in net income for the first quarter to P2.63 billion from P3.26 billion in the same period a year ago. “The decrease was mainly due to higher costs of sale (P1,049.9 million) and higher net provision for income tax (P194.6 million) partly…

Published May 19, 2021, 2:33 PM Lopez-led First Gen Corporation has earmarked US$530 million capital expenditures (capex) this year that will be funneled mainly to the expansion projects of subsidiary Energy Development Corporation (EDC) as well as its ongoing interim liquefied natural gas (LNG) import terminal. During the company’s annual stockholders’ meeting, First Gen Chief Finance Officer Emmanuel P. Singson stated that “EDC is targeting a higher capex this year and is planning to sp...

First Gen allots $530-million capital expenditure for 2021 May 20, 2021 | 12:08 am Reporter FIRST Gen Corp. is allocating $530 million of capital expenditures (capex) this year, with majority going to projects of its geothermal subsidiary Energy Development Corp. (EDC), an official of the firm said on Wednesday. “In 2021, we are expecting to spend about $530M in capital expenditures, mainly driven by EDC, the LNG (liquified natural gas) terminal (in Batangas City), and the Aya Pumped Storage ...