Energy Development Corp - Company Profile
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Energy Development Corporation (EDC) is one of the leading renewable energy companies, primarily engaged in the exploration, development, and operation of geothermal energy resources. The company provides clean and renewable energy solutions, including geothermal, wind, solar, and hydropower. EDC operates notable geothermal power facilities in regions such as Bicol, Leyte, Negros Island and Mindanao. Its energy solutions cater to a wide range of customers, contributing to the national grid and supporting various industries. The company has expanded its reach to international markets, including Latin America and Indonesia. EDC is headquartered in Pasig City, Philippines
Headquarters
Philippines
Address
9th Floor, Rockwell Business Center Tower 3, Ortigas Avenue, Pasig City, Metro manila, 1604
Website
www.energy.com.ph
Telephone
63 866 77332
No of Employees
1,490
Industry
Alternative Energy
Revenue (2024)
$805.5M
Energy Development Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Electricity | Geothermal Exploration and Development |
| Steam | Reservoir Engineering and Management |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Others | In July, the company received a non-binding cash offer to sell its entire stake to PT Barito Renewables Energy. |
| 2026 | Plans/Strategy | In January, the company announced its plans to invest up to P100 billion to develop and upgrade its Leyte geothermal power complex. |
| 2025 | Plans/Strategy | In October, the company announced its plans to stop the operations of its 125-megawatt Upper Mahiao geothermal power plant in Leyte, Philippines. |
Competitor Comparison
| Key Parameters | Energy Development Corp | Marubeni Corp | The AES Corp | Vivant Corp | PetroEnergy Resources Corp |
|---|---|---|---|---|---|
| Headquarters | Philippines | Japan | United States of America | Philippines | Philippines |
| City | Pasig City | Chiyoda-Ku | Arlington | Banilad Mandaue | Pasig |
| State/Province | Metro manila | Tokyo | Virginia | Cebu | Manila |
| No. of Employees | 1,490 | 51,834 | 8,336 | 336 | 199 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Federico R. Lopez | Chairman; Chief Executive Officer | Executive Board | 2010 | 63 |
| Erwin O. Avante | Treasurer and Compliance Officer; Senior Vice President; Chief Financial Officer | Senior Management | 2022 | 50 |
| Jerome H. Cainglet | Director; Chief Operating Officer; President | Senior Management | 2023 | 56 |
| Jennifer Joy Santamarina Santos | Head - Transformation Office; Chief Transformation Officer | Senior Management | 2019 | 54 |
| Joseph P. Guevarra | Head - Risk & Insurance Management; Chief Risk Officer; Assistant Vice President | Senior Management | 2022 | 44 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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