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Energy Dev II

Sector: Commercial • Location: Philippines

Source: International Finance Corporation (IFC)

Project
Active

EDC is an integrated geothermal steam and electric power producer with its core activities being the exploration, development, and production of geothermal energy. The company is an existing IFC client and is seeking long term, local currency financing to support their medium term capital expenditure program. Previously a state owned enterprise, IFC was a cornerstone equity investor investing $49M

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Project Information

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The project “Energy Dev II” is an infrastructure initiative in the Commercial sector, located in Philippines. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

EDC is an integrated geothermal steam and electric power producer with its core activities being the exploration, development, and production of geothermal energy. The company is an existing IFC client and is seeking long term, local currency financing to support their medium term capital expenditure program. Previously a state owned enterprise, IFC was a cornerstone equity investor investing $49M during its IPO in 2006. The Company was fully privatized in December 2007. IFC made a second investment providing the Company its first commercial long term loan for $86M in 2008.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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