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EDC gets approval to offer green bonds

EDC gets approval to offer green bonds
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EDC to issue fixed-rate bonds | Lenie Lectura

Lopez-led Energy Development Corp. (EDC), a subsidiary of First Gen Corp., is raising P10 billion from the issuance of fixed-rate bonds to partly finance the power firm’s renewable energy (RE) projects. In a disclosure to the stock exchange, the board of directors of EDC has approved the public offering, issuance,…

EDC, 2 other firms secure renewable energy deals • Lenie Lectura

Lopez-led Energy Development Corp. (EDC) and two other companies were declared by the Department of Energy (DOE) as winning bidders in the 4th Open and Competitive Selection Process (OCSP4) for geothermal and wind energy resources. The DOE offered 20 Pre-Determined Areas (PDA) for potential renewable energy (RE) development. Of which, 14 are hydropower, with a

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