EDC remits P4M to Negros Electric Cooperative

Lopez-led Energy Development Corp. (EDC) has turned over P4.16 million to the Negros Oriental 1 Electric Cooprative Inc. (NORECO 1) for its electrification fund.

The province is host to EDC’s 222.5 megawatt Southern Negros geothermal facility including its Green Core Geothermal Inc. (GCGI) subsidiary in Valencia, Negros Oriental.

“Being able to directly disburse our partner communities’ benefits as hosts to our geothermal facilities provides us with the opportunity to forge a stronger partnership with them as we work together to not only provide reliable, clean, stable power to more Negrosanons but to also help them thrive even during this COVID-19 pandemic,” said Norreen G. Bautista, head of EDC’s Corporate Social Responsibility team in Negros.

Under the Electric Power Industry Reform Act (EPIRA), energy generation companies will directly provide benefits equivalent to one centavo per kilowatt-hour of the total electricity sales to their host communities.

Fifty percent of the P0.01/kWh benefit or P0.005/kWh of the electricity sales shall be allocated to the host area’s electrification fund (EF).

The funds should be applied to the host barangays, host municipality, host province, host region, and the distribution utility’s (DU) other prioritized areas, as approved by the Department of Energy (DOE).

EDC’s over 1,480MW total installed capacity accounts for 20 percent of the country’s total installed renewable energy capacity. Its geothermal facilities in Valencia, Negros Oriental has been providing clean, renewable, reliable power 24/7 to Negros Island and other parts of the Visayas region for almost 38 years.

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