ORMOC CITY — First Gen Corporation celebrated the 50th anniversary of its geothermal subsidiary, Energy Development Corporation (EDC), while unveiling a unified corporate brand aimed at strengthening the company’s renewable energy operations.
The milestone marks five decades of geothermal energy development in the Philippines, with EDC recognized as the world’s largest vertically integrated geothermal energy producer.
EDC was established on March 5, 1976 as a government-owned firm tasked with developing the country’s geothermal resources to lessen dependence on imported oil. It was later privatized in 2007 and acquired by First Gen, becoming a key part of the company’s renewable energy portfolio.
“EDC has been integral to First Gen’s credibility as a clean energy leader,” said First Gen chairman Federico Lopez.
As part of the anniversary celebration, First Gen also introduced a unified corporate brand that brings together its power generation, supply, and energy solutions businesses under a single structure.
Under the new setup, the company’s renewable power plants will operate under First Gen Renewables, while First Gen Energy Supply will handle electricity supply to customers. Another unit, First Gen Energy Solutions, will focus on services such as energy audits, monitoring systems, and on-site solar installations.
First Gen president Giles Puno said the move aims to better respond to the evolving needs of customers seeking reliable, affordable, and sustainable energy solutions.
(ELVIE ROMAN ROA)
