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Wednesday, July 24, 2019

Power firm seeks council endorsement

ANOTHER power company asked the Davao City Council for an endorsement to conduct data gathering studies and regional geoscientific studies along Mt. Zion area (from Barangay Sibulan and Atan-awe in Davao City) for its Mt. Apo geothermal project.

The Energy Development Corporation (EDC) will start its data gathering activities within the Mt. Zion Area as soon as the City Council will approve the endorsement.

The data gathering activity aims to explore the geothermal resources in its existing Mt. Apo Geothermal Project.

Based on its company profile, the EDC engages in producing geothermal energy locally and internationally.

It is engaged in the business of "exploring, developing, and operating geothermal energy and other indigenous renewable energy projects in the Philippines, and utilizing geothermal and other indigenous renewable energy sources for electricity generation."

According to EDC, it has contributed 57 percent or 1,129 megawatts (MW) out of 1,972 MW geothermal capacities installed in the country.

It said "the company's geothermal power projects are composed of two principal activities: the production of steam for sale to its power plants; and generation and sale of electricity through company-owned geothermal power plants, including its wholly-owned subsidiaries Green Core Geothermal Inc. and BacMan Geothermal Inc. pursuant to medium to long-term contracts with NPC and with electric utilities, electric cooperatives and industrial customers."

The City Council approved the item under first reading on Tuesday.

It was referred to the committees of energy, environment and cultural communities and Muslim affairs for committee hearing. (ANC)
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