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EDC Integrated
Report 2023

EDC Integrated
Report 2023

Manufactured Capital:
Elevating Our Value

As an energy producer, EDC understands that our manufactured capital forms the core of what makes our sustainable energy initiatives possible. We consistently maintain and enhance our facilities and equipment to ensure the Company can generate sufficient energy to meet customer demands while upholding our commitment to sustainable operations. Beyond this, we will continue to move forward into regenerative solutions, ensuring that our facilities, equipment, and technology are in the best possible state to create value for our shareholders and stakeholders.

Contribution to SGDs

Activities

  • Enterprise Risk Management
  • Equipment Upgrades and Maintenance
  • Control System Integration
  • Natural Catastrophe Resiliency Program

Outputs

  • 7,443 GWh generation
  • Sustained generation of existing geothermal fields
  • Efficiently managed geothermal resources
  • Developed and explored new projects locally and abroad
  • Technical Due Diligence in various geothermal fields outside the country
  • Improved NatCat resiliency
  • Improved inventory of critical spares
  • Zero major insurance claims from natural disasters for all geothermal plants

Risks

  • Project execution
  • Equipment durability and reliability
  • Geothermal capacity
  • Climate change impacts
  • Forced outages
  • Other natural calamities (e.g., earthquakes)

Strategy

  • 7,429 GWh generation

Geothermal Energy For All
Erlindo C. Angcoy Jr.,
Head of Field Development Planning, Integrated Subsurface

Erlindo Angcoy Jr. (Ritchie to his friends) is just one of the many EDC employees who have embraced the remote working arrangements that the Company has provided. But while his work setup may not require him to be on-site all the time, his experience and career path paint a picture of a person who prefers to be hands-on.

Angcoy, who studied Chemical Engineering at the University of the Philippines and Geology at the University of Iceland, has been with EDC for 19 years. His tenure with EDC underpins his belief in EDC’s mission for a sustainable and regenerative future, as well as his own personal initiatives about sustainability. It is his unwavering belief in the potential of renewable energy that ignites his passion for his work and motivates him to give his best.

“If I hadn’t become a scientist, I probably would’ve been a priest or a teacher,” Erlindo says. “I strongly believe in the pursuit of a general environment where everyone can share their knowledge, regardless of their background.”

As one of the more sought-after speakers in the field of geothermal energy operations and resource management, Erlindo hopes to cultivate this environment through his various interactions. Aside from his role at EDC, he considers it his mission to convey the possibilities of geothermal energy—and, by extension, the possibilities of renewable energy—to anyone interested in promoting it to enable potential solutions.

“One might even say that I’m manufactured for EDC’s manufactured assets,” Erlindo jokes. But there’s no denying that his role, remote as it may be, is one he takes pride in as a long-time employee of EDC. And like the potential of EDC’s investments in geothermal energy, he believes that the future looks bright even if the results are reaped beyond his lifetime.

Geothermal Energy For All
Erlindo C. Angcoy Jr.,
Head of Field Development Planning, Integrated Subsurface

Erlindo Angcoy Jr. (Ritchie to his friends) is just one of the many EDC employees who have embraced the remote working arrangements that the Company has provided. But while his work setup may not require him to be on-site all the time, his experience and career path paint a picture of a person who prefers to be hands-on.

Angcoy, who studied Chemical Engineering at the University of the Philippines and Geology at the University of Iceland, has been with EDC for 19 years. His tenure with EDC underpins his belief in EDC’s mission for a sustainable and regenerative future, as well as his own personal initiatives about sustainability. It is his unwavering belief in the potential of renewable energy that ignites his passion for his work and motivates him to give his best.

“If I hadn’t become a scientist, I probably would’ve been a priest or a teacher,” Erlindo says. “I strongly believe in the pursuit of a general environment where everyone can share their knowledge, regardless of their background.”

As one of the more sought-after speakers in the field of geothermal energy operations and resource management, Erlindo hopes to cultivate this environment through his various interactions. Aside from his role at EDC, he considers it his mission to convey the possibilities of geothermal energy—and, by extension, the possibilities of renewable energy—to anyone interested in promoting it to enable potential solutions.

“One might even say that I’m manufactured for EDC’s manufactured assets,” Erlindo jokes. But there’s no denying that his role, remote as it may be, is one he takes pride in as a long-time employee of EDC. And like the potential of EDC’s investments in geothermal energy, he believes that the future looks bright even if the results are reaped beyond his lifetime.