About the Company

About the

The Energy Development Corporation (EDC) is a global and diverse renewable energy company with 45 years of pioneering sustainable practices. EDC is the Philippines’ leading 100% renewable energy producer with an installed capacity of 1,476.6 MegaWatts (MW), which accounts for almost 20% of the country’s total installed renewable energy capacity. EDC’s 1,181.80 MW geothermal energy production provides 61.30% of the country’s total installed geothermal capacity


  • Equity capital
  • Debt and grants
  • Internally Generated
  • Funds
  • Enterprise Asset Management
  • Portfolio Organization


  • Contracted capacity
  • Revenue growth
  • Income and cash flow generated
  • Steamfield and pwer plant assets under construction
  • NatCat resiliency improvements

Value Created

  • Directed value distributed
  • Internally-generated funds
  • Dividends to shareholders
  • Debt service to creditors

Contribution to SGDs


  • Mismatch in contacting cycles
  • Volatility of interest and foreign exchange rates Fund sourcing
  • Climate change impacts

Our Mission
To forge collaborative pathways for a decarbonized and regenerative future.

Our Vision
To be the leading global geothermal energy company and key provider of clean, renewable 24/7 energy.

As employees of the Lopez group of companies, we believe that our primary reason for being is to serve God and the Filipino people.

Thus, we shall always conduct ourselves in a manner that is mindful of the long-term mutual benefit of the Lopez Group and the various publics we serve.

We will be responsible stewards of all our resources and conscious of our obligation to present and future generations.
Since 1928, and in the years and generations to follow, our commitment to the distinctive Lopez values will not change as we remain committed to serving our stakeholders.

In our service to the Filipino people, we will be guided by the following distinct Lopez Values:

• A Pioneering Entrepreneurial Spirit
• Business Excellence
• Unity
• Nationalism
• Social Justice
• Integrity
• Employee Welfare and Wellness
We promote a regenerative society by increasing access to reliable renewable energy through purposeful innovation and proactive partnerships. Our Capability System includes:

Sustainable Generation
Expansive understanding and management of geothermal resources to develop and optimize resilient assets

Purposeful Innovation
Systematic identification and deployment of groundbreaking ideas that improve performance and customer satisfaction

Committed Stakeholder Ecosystem
Integrated approach in building mutually beneficial relationships to progress our regenerative agenda

Transformative Integration
Deft integration of targeted acquisitions that increase corporate value

Organizational Agility
Delivery of fast, customer-centric solutions through self-organized teams who can pivot and prioritize
We recognize that our planet’s life support systems and social institutions are now at a breaking point. Unbridled consumption and primacy of bottomline growth are at the root of the climate crisis, our alienation from nature, and the profound social and economic divisions that have become existential threats to humanity today.

Overcoming all of these challenges will require paradigm shifts in how we think, live, and do business. It is now clear that pursuing sustainability that seeks only to do less harm is no longer good enough.

Instead, we need to create symbiotic, mutually beneficial relationships with nature and society that benefit more than just shareholders. Today, businesses must urgently become a regenerative force that elevates everything they touch – customers, employees, suppliers, contractors, the environment, communities, and investors

The transformation cannot be done by entities working alone. We are mindful that we exist within highly diverse and nested systems and that we must all play unique, reciprocal, and synchronized roles in a world that needs to be healed.

Our collective success will be measured by how quickly we can decouple economic and social prosperity from destroying our planet’s life support systems.

We choose this path because it is the only way to a destination where everyone has the opportunity to thrive and prosper on a healthy planet. We choose this path because we believe it is the only way to create lasting value for all stakeholders and not just shareholders. We choose this path because it is inseparable from the Lopez Values that have, and always will, define us.
We take the path that puts the welfare of present and future generations as our foremost concern, choosing to use our heritage and expertise as a leading geothermal energy provider to fulfill our duty to co-create a regenerative society.

We strive to deepen our relationships with customers. Understanding their need for dependable and affordable renewable energy, we purposefully innovate to improve our services to provide the best possible customer experience.

We embark on broadening the markets we serve. Our four decades of advancing renewable energy in the Philippines create the impetus to expand globally and accelerate decarbonization.

We build trusted partnerships with public and private stakeholders to shape a regenerative society. We commit to think, live, and do business in a manner that enables nature to flourish and humanity to prosper alongside an economy that advances.

We foster a culture that cares deeply for the wellbeing of our people. We empower people to reach their full potential in a workplace where accountability, performance orientation, and collaboration is the norm.

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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

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