LOPEZ-LED Energy Development Corp. (EDC) said it is now supplying clean power from its geothermal plants to Cebu-based steel manufacturer Chioson Development Corp.
In a statement on Wednesday, EDC said three of Chioson鈥檚 units are now powered by the former鈥檚 geothermal facilities.
鈥淲e want to have a sustainable and reliable renewable energy supplier to push our advocacy for producing rebar, nails, and pipes in a clean and sustainable way,鈥 said Bernard B. Chioson, the firm鈥檚 chief operating officer.
He added that 鈥渂y moving words into action,鈥 Chioson has chosen to source its power supply from geothermal energy 鈥渢o further reduce its own carbon footprint on the environment.鈥
The move allows the steel manufacturer to avoid 1.86 million tons of carbon dioxide which would have been otherwise emitted by running on coal power.
EDC, which is a subsidiary of First Gen Corp., said that local businesses with an average monthly electricity consumption of at least 100 kilowatts, like Chioson, now have the option to source power from renewable sources through the government鈥檚 green energy option program.
鈥淪hifting to renewable energy through licensed green energy option program providers like First Gen and EDC鈥檚 geothermal facilities is crucial to helping our country decarbonize and be a part of the solution to climate change,鈥 EDC said.
EDC owns Green Core Geothermal, Inc., which earlier received the go signal from the Energy department to participate in the green energy option program.
EDC鈥檚 portfolio is made up of clean power projects totaling around 1,477 megawatts, accounting for almost 20% of the Philippines鈥 total installed renewable energy capacity.
Majority of the firm鈥檚 power projects are geothermal facilities which contribute to 61% of the country鈥檚 total installed geothermal capacity. 鈥 Angelica Y. Yang
