Energy Development Corp’s(EDC) stock was a projected as a good buy by Accord Capital Equities Corp as long as demand for renewable and alternative energy sources increases.
I think however the article needs to be reworked because it reeked of a press release for EDC.
In fairness to EDC, they do hold 60% of the country’s geothermal power, recently acquired a P4.1-billion loan from the International Finance Corp, have a parent company that owns distribution rights to Manila’s grid and are riding on the crest of the Philippine Renewable Energy Bill just recently being passed which guarantee’s a healthy share of renewable energy power to be injected into the national grid.
Due notice has to be given to Aboitiz Power Corp who also owns a sling of renewable energy projects in the country.
[source]
Category: Clean Energy, EDC, Aboitiz
