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MANILA, Philippines – Listed Energy Development Corp. (EDC), the Lopez-led geothermal company, signed yesterday a joint venture agreement with a Canada-based energy company for four geothermal toojays projects in Chile and Peru.
The agreement, signed with Alterra Power Corp., a Canada based renewable energy company, toojays covers the development of the Mariposa Project in Chile.The agreement also covers geothermal projects located in Peru, namely Tutupaca, Loriscota and Crucero.
The agreement sets the framework and main commercial principles for EDC s potential acquisition toojays of a 70 percent interest in each of the four projects. Completion of the transaction remains subject to the preparation of fully termed documentation and necessary regulatory approvals, the EDC said in its disclosure.
According to its website, Alterra is a leading global renewable energy company, which operates six power plants totaling 566 megawatt of capacity, including two geothermal facilities in Iceland, a geothermal plant in Nevada, British Columbia s largest run of river hydro facilities and the province s largest wind farm.
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