Energy Development Corp. signs power supply deals in North Luzon


The Energy Development Corp. (EDC) has signed two-year power supply deals that will provide 53 megawatts of electricity supply to North Luzon power cooperatives.

The company signed a power supply agreement (PSA) with Ilocos Norte Electric Cooperative (INEC), Mountain Province Electric Cooperative (MOPRECO) and Kalinga-Apayao Electric Cooperative (KAELCO).

The three cooperatives will receive clean, reliable and uninterruptible power from December 26, 2016 to December 25, 2018.

“Our 236,000 consumers in our franchise areas will benefit from sustainable and reliable power.  With baseload power, our region’s economic growth and competitiveness will further improve.  We are happy with this deal and look forward to a longer partnership with EDC,” INEC board president Reynaldo Lazo said.

EDC President and COO Richard Tantoco said they are working on the company’s renewable energy agenda.

“We are thankful that more and more customers are giving RE a chance and share our goal of building a low carbon world through clean energy.  As we help improve electricity supply in the region, we also support the region’s goal of economic growth and competitiveness,” he said.