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Energy Development Corporation

Company Description
Energy Development Corporation (EDC) was incorporated and registered with the Securities and Exchange Commission on March 5, 1976 to primarily engage in the business of exploring, developing, operating, and utilizing geothermal energy and other indigenous renewable energy sources for electricity generation.

EDC's geothermal power projects engage in two principal activities: the production of geothermal steam for use at EDC and its subsidiaries' geothermal power plants; and the generation and sale of electricity through those geothermal power plants pursuant to take-or-pay and take-and-pay power offtake arrangements.

EDC conducts commercial operations in four of its geothermal contract areas namely, Tongonan, Kananga, Leyte; Southern Negros, Valencia, Negros Oriental; Bacon-Manito, Albay and Sorsogon; and Mt. Apo, Kidapawan, Cotabato.

The Company likewise holds 10 wind energy service contracts (SCs) covering areas in Ilocos Norte, Sorsogon, Iloilo, and Negros Occidental; and six solar energy SCs covering areas in Ilocos Norte, Negros Occidental, North Cotabato, and Cebu. EDC also operates a hydroelectric power plant through its 60%-owned subsidiary, First Gen Hydro Power Corporation (First Gen HPC).

Aside from First Gen HPC, the Company's current direct subsidiaries are EDC Drillco Corporation; EDC Geothermal Corp.; EDC Chile Limitada; EDC Holdings International Limited; EDC Wind Energy Holdings, Inc.; EDC Wind Energy Holdings 2, Inc.; and EDC Bright Solar Energy Holdings, Inc.

Source: SEC Form 17-A (2017)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date Mar 05, 1976
Number of Directors 11
Stockholders' Meeting as per By-Laws Every First Tuesday of May of each year
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent BDO Unibank, Inc. - Trust and Investments Group
Contact Information
Business Address 38th Floor One Corporate Center, Julia Vargas Avenue, Ortigas Center, Pasig City
E-mail Address
Telephone Number 667-7332; 755-2332
Fax Number 982-2141