Energy Development Corp. (EDC) now owns the 52-megawatt (MW) Mindanao I and 54-MW Mindanao II geothermal power plants after it was turned over to them via a Built-Operate-Transfer Scheme by Mindanao I Geothermal Partnership (M1GP). The two plants, located in Kidapawan North Cotobato, generate about 10.56 percent of the electricity supply for Mindanao.
The Mindanao I and Mindanao II geothermal power plants started providing electricity on March 4, 1997 and June 17, 1999. EDC initially agreed with MIGP last Oct. 23, 2006 to delay the turnover of Mindanao I to them to coincide with the date of Mindanao II’s turnover.
Mindanao I and Mindanao II have operated with an average plant capacity of 91.3 percent and 92.5 percent and an availability factor of 96 percent and 98 percent.
EDC is a subsidiary of the Lopez group who own Luzon electricity distributor, MERALCO. They were high on the news radar early this year as they were embroiled in a battle for control over MERALCO between them, the San Miguel Group and the Metro Pacific Group.
EDC is known as the largest operator of Geothermal Power Plants in the Philippines, accounting for 60% of the rated geothermal energy capacity of the country. The Philippines meanwhile is known as the second largest user of geothermal energy in the world, next only to the United States.
[source]
Category: Geothermal, EDC
