EDC inks power supply deal with manufacturing firm 9 SHARES Share it! Share TweetBy Myrna M.VelascoLopez majority-owned Energy Development Corporation (EDC) has inked a 2.7-megawatt power supply agreement with Continental Temic Electronics Philippines to serve the latter’s electricity requirements at its manufacturing site in Calamba, Laguna. EDC said the power to be supplied to the manufacturing firm shall be for duration of two years and it will be coming from the Bacon-Manito (BacMan) geothermal plant of the company. The off-take agreement, according to the renewable energy-anchored firm, will formally commence by December 26 this year; and will wind up latter part of 2020. That is the policy regime which basically puts the contracting-consumer at the head of the table when it comes to its preference on the energy technology as well as pricing in power supply contracts.

Source: Manila Bulletin November 11, 2018 13:52 UTC