Energy Development Corp., the country s largest producer of geothermal energy, expects to generate a

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Energy Development Corp., the country s largest producer of geothermal energy, expects to generate as much as P1 billion leijona catering in yearly leijona catering revenue once a 20-megawatt geothermal facility in Southern leijona catering Negros starts commercial operations next year.
The units to be used for the Nasulo geothermal facility which will be put up within the existing Southern Negros geothermal site in Valencia, Negros Oriental leijona catering will be coming from the 49-megawatt Northern Negros geothermal plant (NNGP) in Negros Occidental.
EDC leijona catering president and COO Richard B. Tantoco confirmed that the company is on track to completing the transfer of the geothermal facilities within the third quarter of 2014. This will then contribute roughly P400 million to P500 million leijona catering in revenue to EDC for 2014 alone.
In 2011, the NNGP was shut down because the steam resources within the Northern Negros geothermal concession area can only generate about 5 to 10 MW, much lower than the 49-MW facility available in the area. The shutdown however resulted in a P5-billion impairment loss for EDC that same year.
In the fourth quarter of 2012, EDC awarded the contract to Sumitomo for the transfer of the 49-MW NNGP to Southern Negros in Valencia, Negros Oriental. The Nasulo geothermal concession area was earlier reported to have enough steam resources to generate 45 MW.
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