Lopez-led Energy Development Corp. (EDC) is digging deep into expansion this year as it intends to drill 19 new geothermal wells ahead of its golden anniversary.
EDC, which turns 50 in 2026, is also set to conduct re-entry operations in previously drilled geothermal fields and carry out multiple workovers as part of its expansion efforts this year.
Through these initiatives, the renewable energy arm of the Lopez Group aims to deliver an additional 141 megawatts (MW) of clean power to the grid.
"This planned expansion will solidify our leadership in geothermal energy while responding to the growing demand for sustainable power solutions," the company said.
It has also affirmed a commitment to hitting its drilling and operational performance targets with "precision and efficiency."
EDC is currently the largest geothermal player in the Philippines, owning and operating 13 power plants running on geothermal power.
These facilities have an aggregate installed capacity of about 1,200 MW, equivalent to roughly 60 percent of the country's geothermal capacity.
"In our road to 50, 2025 will be a pivotal year. It will be a time to reap the benefits of our long-term efforts and set the stage for what's ahead," EDC said.
