EDC (Energy Development Corporation), which specializes in geothermal energy, is planning at least six new projects in the Philippines.
An ambitious program
EDC is looking to build at least six new projects with an additional 100MW of capacity over the next five years. The company is focusing on expansions of existing geothermal sites. In addition, it aims to develop entirely new projects.
The growth plan includes a 3.6MW binary expansion of the Mindanao geothermal plant that has been in operation since 2022. The company wants to expand the 29MW Palayan Bayan binary power plant in the Bicol region. Finally, it also wants to advance the 2oMW Tanawon geothermal project, also located in the Bicol region.
Construction of the Tanawon geothermal project would begin in the last quarter of 2023. EDC’s next project is the 28MW Mahanagdong Binary Power Plant. In addition, the company will receive funding from Japan‘s financial support program.
EDC also plans to develop two entirely new projects. They are both located in Mindanao. The first is the 50MW Amacan geothermal project.
In addition, this project is supported by a grant from the United States. Specifically, it is receiving support from the U.S. Trade and Development Agency to conduct a feasibility study. The second project is Mount Zion.
The Mount Zion EDC project is located near the existing Mount Apo geothermal facility. However, there is no feasibility study for this EDC project yet. Indeed, the project is located in a protected area. Thus, efforts are underway to convert the protection area and allow geothermal development.