EDC eyeing geothermal projects in Taiwan

Lopez-majority owned Energy Development Corporation (EDC) is targeting to expand geothermal investments in Taiwan, a top executive of the conglomerate has disclosed to the media.

“In Taiwan, we have concession, and we’re working with the proponents to see what we can do. We hope to do one thing in Taiwan… we’re talking to a number of local players,” EDC Board Director Francis Giles B. Puno said.

The Lopez company executive explained that they somehow have leverage in Taiwan “because we work with the utilities there and many of them are substantially untapped potential because they need the expertise as well. In that sense, EDC can provide that.”

At this stage, he noted that what EDC has is basically a “concession” for a geothermal service area for exploration, hence, the target is to ensure first that the prospects would eventually yield commercially-viable outcome.

Yet even prior to this targeted investment entry in Taiwan, Puno qualified that EDC is considerably a globally entrenched player in the geothermal sector – primarily in the provision of exploration and drilling services in key markets like Kenya and Japan.
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Read more: Manila Bulletin