Energy Development Co. Ltd. is a leading independent power producer in the Philippines. The company is primarily engaged in the development, construction, operation and maintenance of power plants that use renewable energy sources such as hydropower, geothermal, wind, and solar. Energy Development Co. Ltd. also engages in the exploration, development, and production of geothermal energy resources.
The company was founded in 1976 and is headquartered in Manila, Philippines. Energy Development Co. Ltd. is a publicly traded company with shares listed on the Philippine Stock Exchange. The company has a market capitalization of approximately PHP 19 billion as of June 2020.
Energy Development Co. Ltd. has an installed capacity of 1,207 MW as of end-2019. The companys power plants are located in the Philippines, Indonesia, and the United States. In the Philippines, Energy Development Co. Ltd. has the following power plants:
Leyte Geothermal Power Plant (LGP) – installed capacity of 165 MW
Palinpinon Geothermal Power Plant (PGPP) – installed capacity of 165 MW
Tiwi Geothermal Power Plant (TGP) – installed capacity of 75 MW
Mt. Apo Geothermal Power Plant (MAP) – installed capacity of 50 MW
In Indonesia, Energy Development Co. Ltd. has the following power plant:
Salak Geothermal Power Plant (SGPP) – installed capacity of 195 MW
In the United States, Energy Development Co. Ltd. has the following power plant:
geothermal power plant in California – installed capacity of 10 MW
The companys revenue for 2019 was PHP 22.4 billion, an increase of 11% from 2018. The companys net income for 2019 was PHP 6.5 billion, an increase of 15% from 2018.
Energy Development Co. Ltd.s strategy is to continue to grow its renewable energy business in the Philippines and internationally. The company plans to add 1,000 MW of new capacity by 2025.
The companys website is www.energy.com.ph.