Energy Development Corporation - EGDCY

Energy Development Corporation, together with its subsidiaries, explores for, develops, operates, and utilizes geothermal energy and other indigenous renewable energy sources for electricity generation in the Philippines. The company provides geothermal energy exploration and development; reservoir engineering and management; engineering design and construction; environmental management; and project research and development, and wind data assessment services. It also produces geothermal steam; generates electricity through hydroelectric power plants; operates geothermal steam fields in 5 geothermal service contract areas; and holds 10 wind energy service contracts and 6 solar energy service contracts. Energy Development Corporation serves National Power Corporation, National Grid Corporation of the Philippines, electric cooperatives, privately-owned distribution utilities, and industrial customers. The company was founded in 1976 and is headquartered in Pasig, the Philippines. Energy Development Corporation operates as a subsidiary of Red Vulcan Holdings Corporation.