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EDC puts up temporary power in typhoon-hit Bicol areas

GEOTHERMAL company Energy Development Corp. (EDC) has started providing 20 to 40 megawatts (MW) of temporary power to Albay and Sorsogon provinces after the Bicol region was hit by Super Typhoon Rolly on Nov. 1.

EDC bags top honors at 55th Anvil Awards

Towards growth and progress for all By Bjorn Biel M. Beltran One of the most biting criticisms of capitalism is the resulting inequality of urbanization and...

EDC tapped for BGCI’s global tree assessment program

ENERGY Development Corp. (EDC) has been tapped as Botanic Gardens Conservation International’s (BGCI) first and only local partner for its Global Tree Assessment (GTA) program.

Energy Development Corp. to be delisted on Nov. 29

LOPEZ-LED Energy Development Corp. (EDC) will officially be removed from the Philippine Stock Exchange (PSE) on Thursday, Nov. 29.

EDC 9-month recurring profit drops 3%

ENERGY Development Corp. (EDC) reported a 3.1% decline in recurring net income to P6.4 billion for the nine months to September, the Lopez-led company said on Monday, in part as maintenance work increased its operating expense.

EDC prepares to bid for geothermal concessions in Chile and Peru

LOPEZ-LED Energy Development Corp. (EDC) is preparing to participate in auctions for geothermal concessions in South American countries Chile and Peru, while undertaking initial construction work in a service area it won in Indonesia, its top official said.

EDC allowed to extend tender offer period

ENERGY Development Corp. (EDC) has secured approval from the securities regulator on its request for exemptive relief from compliance with the 60-business day rule to complete its tender offer.

Lopez-led EDC’s recurring profit falls by 21% in first 6 months

ENERGY Development Corp. (EDC) recorded P4.1 billion in recurring net income attributable to equity holders of the parent firm in the first half, down 21% from year ago’s P5.2 billion.

EDC’s first-half net income down by 21%

Energy Development Corp. (EDC) reported a first-half profit of P4.1 billion, down 21% from last year's P5.2 billion recurring net income attributable to equity...

EDC delisting from PHL stock exchange

ENERGY Development Corp. (EDC) said its board of directors had approved on Wednesday the voluntary delisting of the Lopez-led company’s common shares from the main board of the Philippine Stock Exchange (PSE).

EDC board approves voluntary delisting of common shares from PSE

Energy Development Corp. (EDC) said its board had approved on Wednesday, Aug. 8, the voluntary delisting of the Lopez-led renewable energy company's common shares...

EDC to obtain P11.5-billion loan facility

ENERGY Development Corp. (EDC) has secured on Thursday approval from its board of directors to obtain three-year loan facilities with various local banks for a total amount of P11.5 billion, the Lopez-led company told the stock exchange on Thursday.

Zamboanga regional council committee calls for suspension of fuel excise tax

THE ECONOMIC development committee (EDC) of the Zamboanga Peninsula Regional Development Council (RDC-9) has passed a resolution urging President Rodrigo R. Duterte to suspend the imposition of the excise tax on petroleum products and coal.

EDC sees flat earnings this year

ENERGY Development Corp. (EDC) expects this year’s revenues and profit to be flat, as the Lopez-led company ended the first quarter with a double-digit...

EDC expects flat profit, revenues this year

Energy Development Corp. (EDC) expects this year's revenues and profit to be flat, a positive development for the Lopez-led listed company that ended the...

First Gen posts flat earnings

FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance...

EDC profit declines 4% in 2017

ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of...

EDC keeps highest credit rating for P7-B bonds

ENERGY Development Corp. (EDC) maintained the highest credit rating for its P7-billion outstanding bonds, a local debt watcher said on Thursday. Philippine Rating Services Corp....

EDC Goes Private: What Happens Next?

AS EVERYONE probably knows by now, Energy Development Corporation (EDC) is being privatized. Philippine Renewable Energy Holdings Corporation (PREHC) is bidding for as much...