US ties up with Lopez-led EDC to study geothermal potential [BusinessWorld]

2022-11-24T16:15:56+08:0024 Nov 2022|Tags: , , , , , , , , , , |

A UNITED States agency is providing Lopez-led Energy Development Corp. (EDC) a grant of $413,120 to do a feasibility study for the development of a geothermal power plant in Mindanao. In a press release published on its website, the United States Trade and Development Agency (USTDA) said it launched along with US Vice President Kamala Harris the grant — valued at P23.56 million in the local currency — to study the geothermal potential of the southern island’s Amacan area.