Lopez family eyes partnership with US firm for Mindanao power plant

Energy Development Corp. (EDC) is seeking proposals from interested US firms to execute a feasibility study for developing a geothermal power plant in Amacan, Mindanao with a capacity of around 50 megawatts.

During her visit to Manila, US Vice President Kamala Harris launched a US Trade and Development Agency grant to EDC for a feasibility study to support the planned Amacan geothermal power plant, which will help the Philippines achieve its clean energy transition and reduce greenhouse gas emissions.

The deadline for submission is 5:00 PM PHST (4:00 AM EST) on December 9.

The US firm selected will be paid in dollars from a grant provided by the US Trade and Development Agency for $413,120.

Currently, EDC has 1,181 MW of installed geothermal energy capacity in the Philippines.

“The Philippines is already among the world’s renewable energy leaders. Its potential capacity for geothermal, wind, solar, and hydroelectric power is significant. By partnering with EDC, USTDA is enthusiastic about bringing additional renewable energy resources online so that people across the Philippines have a clean and reliable source of power,” said Enoh T. Ebong, USTDA’s director.

EDC president and COO Richard Tantoco, for his part, said USTDA’s study would help the company confirm geothermal resource availability and conduct initial technology and financial assessments for the Amacan power project.

“Geothermal energy has been providing the Philippines with baseload renewable energy and helping our country avoid at least a million tons of carbon emissions each year compared to coal. We need more 24/7 geothermal energy in order to decarbonize our energy sector and help achieve a net zero country,” Tantoco added.