OPINION
NEWS
REGIONS
WORLD
BUSINESS
SPORTS
ENTERTAINMENT
LIFESTYLE
THE SUNDAY TIMES
SPECIAL FEATURES
SPECIAL SECTIONS
TMT NEWSWIRE
FAST TIMES
LEGAL ADVICE
CAMPUS PRESS
VIDEOS
EXPATS & DIPLOMATS
PHOTOS
BUSINESS FORUM
PODCASTS
RESOURCES
WEATHER
MARKET OVERVIEW
CLASSIFIEDS
EXAM RESULTS
TMT DIGITAL EDITION
TMT CSI
TMT 126TH ANNIVERSARY
QUIZZES
GAMES
Business > Corporate News
EDC planning to drill new geothermal wells
By Ed Paolo Salting
Sep 26, 2023 12:21 am

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.

Related Articles

Concepcion Industrial earns P1.2B

PSE, BAP ink deal for 18.6% PDS stake

Top Line nine-month net climbs to P90.5M

PDEx to launch interest rate hedge next week

Meralco, Aboitiz, SMC close $3.3-B LNG deal

BankCom launches P5-B bond offering

Vivant unit divests from Buskowitz Energy