GEOTHERMAL company Energy Development Corp. (EDC), a subsidiary of listed renewable energy (RE) firm First Gen Corp., said Monday that it was planning to spend about $1 billion (approximately P56.8 billion) over the next three years to drill more geothermal wells to expand capacity.
This was announced by EDC Vice Chairman and CEO Francis Giles Puno during the eco-business event, "Zeroing In on Net Zero: From Corporate Pledges to Action," on Monday at the Marco Polo Hotel Ortigas in Pasig City.
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