Energy Development Corp. (EDC) is planning to invest about P25 billion to improve steamfield performance and expand energy storage capacity at its Southern Negros geothermal operations, according to a filing with the Department of Environment and Natural Resources. The company is seeking to amend its environmental compliance certificate (ECC) to allow expanded operations and additional drilling, as reported by BusinessWorld .
The planned investment underscores EDC's commitment to expanding its geothermal portfolio in the Philippines, a key source of renewable energy. The P25-billion budget covers steamfield upgrades and the addition of energy storage systems to improve reliability and output.
The project is expected to support the country's shift toward cleaner energy sources and help meet growing power demand in the Visayas region. EDC's Southern Negros facility is one of the largest geothermal complexes in the Philippines.