Energy Development Corp. said Wednesday it is inviting proposals from interested American companies to conduct a feasibility study on a 50-megawatt geothermal power project in Amacan, Mindanao.
US Vice President Kamala Harris launched a US Trade and Development Agency grant to EDC for the Amacan geothermal plant feasibility study in her recent travel to the Philippines.
The power plant will support the Philippines’ clean energy transition and reduce greenhouse gas emissions.
“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 of 24/7 geothermal energy in order to decarbonize our energy sector and help achieve a net zero country,” said EDC president and chief operating officer Richard Tantoco.
EDC has 1,181 MW of installed geothermal energy capacity in the Philippines. It owns the exclusive rights for geothermal power at the Amacan site on Mindanao’s eastern coast. Alena Mae S. Flores