Corporate News

EDC restarts Leute geothermal plant

Posted on October 29, 2016

THE Energy Development Corp. (EDC) has reactivated the second unit of its Malitbog geothermal power plant in Southern Leyte.

The Lopez-led firm told the stock exchange on Friday that it has completed repair and commissioning work at the 77-megawatt unit of the Malitbog power plant.

The unit tripped on Aug. 17 due to a flashover -- or the sudden and rapid spread of fire through the air, caused by the ignition of smoke or fumes from surrounding objects -- that occurred inside a high voltage terminal box.

The Malitbog power plant is part of EDC’s unified Leyte geothermal power plants, which include projects in Tongonan, Mahanagdong, Upper Mahiao, among other projects in the province.

EDC is the largest geothermal energy producer in the country, with 1,169 MW of installed capacity in strategic units in Bicol, Leyte, Negros islands, and at Mt. Apo in Mindanao. Its portfolio of renewable energy sources covers hydro, wind, and solar power projects.

Shares in EDC added two centavos or 0.34% to close at P5.90 each. -- Krista Angela M. Montealegre