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Lopez-owned Energy Development Corp. (EDC), the country’s leading producer of geothermal energy, reported yesterday a net income of P4.4 billion last year, up 31 percent from P3.4 billion in 2009.
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TONGONAN AND PALINPINON

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abtest

EDC nets P5.7 B in first half

By Neil Jerome C. Morales | August 15, 2012 - 12:00am

Lopez-led Energy Development Corp. (EDC) turned to profitability in the first half due to better operations of its power generation units.

Business

EDC profit up 31% to P4.4B last year

By Donnabelle L. Gatdula | March 18, 2011 - 12:00am

Lopez-owned Energy Development Corp. (EDC), the country’s leading producer of geothermal energy, reported yesterday a net income of P4.4 billion last year, up 31 percent from P3.4 billion in 2009.

Business

EDC's P12-billion bonds retain highest rating

By Zinnia B. Dela Peña | October 12, 2010 - 12:00am

Domestic credit rating firm Philippine Rating Services Inc. (PhilRatings) has retained the highest mark on geothermal power producer Energy Development Corp.on its P12-billion bonds.

Business

First Luzon Geothermal ups capital to P1 billion

By Zinnia B. Dela Peña | August 30, 2010 - 12:00am

First Luzon Geothermal Energy Corp., a wholly-owned unit of the Lopez-led Energy Develpment Corp., has raised its capitalization to P1 billion from a meager P1 million.

Business

EDC upbeat on bond issue after securing top rating

By Donnabelle L. Gatdula | October 4, 2009 - 12:00am

Energy Development Corp. (EDC), the country’s largest renewable energy company, is optimistic investors will respond positively to its upcoming bond issuance after securing an Aaa rating from PhilRatings.

Business