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+ Follow BICOL AND NORTH COTABATO Tag
BICOL AND NORTH COTABATO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1500158
                    [Title] => Bac-Man expansion to cost EDC P7.6B
                    [Summary] => 

Lopez-led Energy Development Corp. (EDC) has earkmarked P7.6 billion for the 31-megawatt (MW) expansion of the Bacon-Manito (Bac-Man) geothermal power plant in Albay, the firm said in a statement yesterday.

[DatePublished] => 2015-09-15 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1373917 [Title] => EDC commissions Negros geothermal plant [Summary] =>

Energy Development Corp. (EDC), a Lopez-owned geothermal company, has commissioned its 49.4-megawatt (MW)Nasulo geothermal project in Valencia, Negros Oriental.

[DatePublished] => 2014-09-28 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 752983 [Title] => EDC inks deal with Aussie firm for Peru, Chile geothermal projects [Summary] =>

Energy Development Corp. (EDC), the country’s largest producer of geothermal energy has forged a deal with Australian firm Hot Rock Ltd. to acquire a 70-percent interest in four geothermal concession areas in Peru and Chile.

[DatePublished] => 2011-11-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 467255 [Title] => EDC reconnects Northern Negros geothermal plant [Summary] =>

MANILA, Philippines - Energy Development Corp. (EDC), the renewable energy unit of the Lopez Group, reported that it has reconnected its Northern Negros Geothermal Power Plant (NNGPP) to the main power grid.

[DatePublished] => 2009-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 297501 [Title] => PNOC-EDC shortlists 4 foreign firms keen on geothermal plant [Summary] => The country’s leading producer of geothermal energy, the state-owned Philippine National Oil Co.-Exploration Development Corp. (PNOC-EDC) shortlisted four international firms eyeing the P1.6 billion, 20-megawatt Nasulo or Palinpinon II optimization geothermal power plant in Negros Oriental.

PNOC-EDC said four firms passed eligibility requirements for the full turnkey contract. These are ALSTOM Power New Zealand Ltd., Kanematsu and Hyundai consortium, Marubeni Corp., and Ormat International Inc.
[DatePublished] => 2005-09-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 291642 [Title] => DOF lines up PNOC’s geothermal unit as next big-ticket item for sale [Summary] => The Department of Finance (DOF) is preparing the state-owned PNOC-Energy Development Corp. as the next big ticket item to be sold within the year after the Philippine National Bank (PNB).

Finance Undersecretary Jay Singson said they are currently threshing out some issues regarding the compliance of PNOC-EDC to the provisions of the Electric Power Industry Reform Act (EPIRA) of 2001.
[DatePublished] => 2005-08-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 231091 [Title] => PNOC eyes $120-M loan from JBIC for Leyte project [Summary] => PNOC-Energy Development Corp. (EDC) will tap the Japan Bank for International Cooperation (JBIC) for a $120-million loan to finance the company’s Southern Leyte geothermal development project.

EDC chairman and president Sergio Apostol said the $120-million loan will form part of their borrowing requirements for 2004.
[DatePublished] => 2003-12-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 211790 [Title] => PNOC-EDC gets P1.4-B loan for power plant [Summary] => The PNOC Energy Development Corp. (PNOC-EDC), the exploration arm of the state-run Philippine National Oil Co. (PNOC) has secured a P1.4-billion loan from the Development Bank of the Philippines (DBP) to bankroll the development of the 20-megawatt (MW) Palinpinon geothermal power plant in Nasuji, Negros Oriental.

PNOC-EDC said the loan is part of Phase II of the Environmental Infrastructure Support Credit Program, a lending facility financed by the Japanese government. DBP on the other hand, implements the program to promote environmental investments in the country.
[DatePublished] => 2003-06-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 174017 [Title] => PNOC remits P167-M dividend to government [Summary] => State-owned Philippine National Oil Co. (PNOC) said yesterday it remitted P167 million to the National Government to complete the P317-million dividend which the NG is entitled to for 2001.

PNOC president Thelmo Y. Cunanan said the P317 million represents half or 50 percent of the oil company’s net income.

"Based on our income last year, we are to remit some P316 million. Being a government-owned and controlled corporation, we are mandated through Republic Act 7656 to declare cash dividends to the National Government," Cunanan said.
[DatePublished] => 2002-08-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 151158 [Title] => Napocor, PNOC arm defer talks on geothermal plants [Summary] => The National Power Corp. (Napocor) and the PNOC-Energy Development Corp. have put off talks on the possible purchase of Napocor’s geothermal power plants by PNOC-EDC.

"At the moment, we are reconciling differences and the wants of the parties involved. So far, discussions are inactive (with regard to this matter)," Power Sector Assets and Liabilities Management Corp. (PSALM) president Edgardo del Fonso said.
[DatePublished] => 2002-02-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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