Key Inputs and Strategic Operations

Key Inputs and Strategic Operations Through our manufactured capitals, we maximized  power generation from the available steam and  ensured plant reliability and availability for power  generation services. EDC also facilitated the speedy  return to service of equipment affected by physical,  technological, or climate-related impacts.     With our Facilities Management System (FMS),  we ensured the timely… Continue reading Key Inputs and Strategic Operations

Safety First Guaranteed at EDC

Safety First Guaranteed at EDC By Nino Christian PedrazaFlow Test & Sampling Geochemist I am a Flow Test & Sampling Geochemist. Ever since  I’ve assumed this position, I knew that one of the  main, if not the most vital, part of my daily work  is to ensure the safety of people. That is why our  team… Continue reading Safety First Guaranteed at EDC

Future-Proofing Nature and Society: ASEAN Green Bonds

Future-Proofing Nature and Society: ASEAN Green Bonds In June 2021, amid the ongoing pandemic  and the urgent need for action on the  climate crisis, the Securities and Exchange  Commission (SEC) approved EDC’s PHP  15-billion Association of Southeast Asian  Nations (ASEAN) Green Bonds shelf  registration along with issuing a Permit to Sell  for the initial tranche… Continue reading Future-Proofing Nature and Society: ASEAN Green Bonds

Empowering our stakeholders and the future

Empowering our stakeholders and the future We empower our stakeholders to become agents  of change and development in their communities.  EDC contributes to the local economy by prioritizing  locally-based suppliers and working closely with  our community organizations and cooperatives.  In 2021, our local spend comprised 70% of our  total purchases. In providing clean and reliable … Continue reading Empowering our stakeholders and the future

Financial Management Strategies​

Financial Management Strategies We optimized capital allocation of all funds for  operational and capital expenses while maintaining  stable target selling prices and annual revenues. In  ensuring the financial and non-financial returns of our  investors, we enforced sound financial management  strategies through fully-funded business plans,  secured grants and concessional financings, and  the completion of timely Debt… Continue reading Financial Management Strategies​

Financial and Operational Highlights

Financial and Operational Highlights In 2021, the EDC consolidated revenue increased  by 12.6 percent or PHP 4,751.6 million to PHP  42,368.4 million, from PHP 37,616.8 million  in 2020. We attribute this to higher wholesale  electricity spot market (WESM) prices. We also  saw a decrease in our energy sales volume by 0.9  percent or by 84.7… Continue reading Financial and Operational Highlights

How the Financial Department Digitized during the Pandemic

How the Financial Department Digitized during the Pandemic For the Payables & Attest Accounting Department (PAAD) and the Site Accounting Team, processing payments before the pandemic were usually done upon receipt of the hard copy of the documents from vendors. With people on lockdown and community quarantine, the PAAD team had to work around processing… Continue reading How the Financial Department Digitized during the Pandemic

EDC win the prestigious Gawad Tugas Award for Clean Air and Water Stewardship

EDC win the prestigious Gawad Tugas Award for Clean Air and Water Stewardship For more than four decades, EDC has been elevating everything it touches, particularly the environment and its stakeholders, including its employees, customers, communities, suppliers and contractors, and investors. This inspires us to keep on finding ways to not only go beyond compliance… Continue reading EDC win the prestigious Gawad Tugas Award for Clean Air and Water Stewardship

EDC expands geothermal facility to reduce PH carbon emissions

EDC expands geothermal facility to reduce PH carbon emissions Leading the path of decarbonization, EDC, through its BacMan Geothermal Inc. subsidiary, kicked off its PHP 7 billion Palayan Binary Power Plant (PBPP) project. This expansion will increase EDC’s existing 130 Megawatt (MW) geothermal energy generation capacity to 159 MW. With renewable energy, the Philippines can… Continue reading EDC expands geothermal facility to reduce PH carbon emissions

Energy generation with subsurface geothermal resource enhancements

Energy generation with subsurface geothermal resource enhancements In 2021, we enhanced our operations through various upgrades, including the Online Dissolution (OnDi), a new method of well intervention that is less costly and offers a promising alternative to the reinjection well (RI) recovery capacity. Implemented in our BacMan site, OnDi introduced a new and more cost-efficient… Continue reading Energy generation with subsurface geothermal resource enhancements