Energy Development Corporation

38F One Corporate Center

Julia Vargas cor. Meralco Ave.
Ortigas Centre, Pasig City
Tel.: 7552332
Fax :7552384


Press Release
September 26, 2014

EDC boosts Visayas grid with new 49.4-MW geothermal plant in Negros Oriental

Geothermal leader Energy Development Corporation (EDC) inaugurated today the 49.4
MW Nasulo geothermal plant in Valencia, Negros Oriental. The inauguration was led
by EDC executives with Energy Secretary Jericho Petilla and local government officials
as special guests.
"The Nasulo geothermal plant will help address the tightening power supply-demand
situation in the Visayas region. We are pleased that one of our greenfield projects is
now ready to provide clean, reliable and competitively priced power to the province of
Negros Oriental and to our valued customers in the Visayas grid," EDC Chairman and
Chief Executive Officer Federico Lopez said.
Based on forecasts of the Department of Energy (DOE), power demand in the Visayas
will surpass the current capacity of 2,037 MW by 2015. To address the deficit, the DOE
has lined up energy projects including EDC's Nasulo plant.
The Nasulo geothermal plant was constructed using equipment from EDCs geothermal
power plant in Negros Occidental. It will boost the portfolio of power assets of EDC
and its subsidiaries in Southern Negros that includes the 112.5MW Palinpinon I
and 80MW Palinpinon II geothermal plants of Green Core Geothermal Inc. (GCGI).
"The Nasulo geothermal power plant will help us fulfill the needs of our customers.
They have asked EDC for competitively priced power that minimizes foreign exchange
fluctuations and volatile fuel price movements -- so that is exactly the solution we
provided, EDC President and COO Richard Tantoco said.
EDC and its subsidiaries remain the leading producer of geothermal energy in the
Philippines, accounting for more than 60 percent of the total geothermal capacity
installed in the country. Aside from the Palinpinon and Nasulo plants, the groups


geothermal portfolio includes the integrated steam and electricity projects in Leyte,
Bicol and North Cotabato with a combined installed capacity of 1,130 MW. EDC also
partly owns and operates the 132-MW Pantabangan-Masiway hydroelectric plants in
Nueva Ecija and, through a subsidiary, is currently constructing the 87-MW Burgos
Wind Project in Ilocos Norte.