1976
Energy Development Corporation (EDC) is founded under the Philippine National Oil Company (PNOC). Its mandate is to explore, develop, produce, generate and market indigenous energy sources and lessen the country’s dependence on imported fuel

1977

Energizes a plant that generates electricity for Ormoc City and nearby towns in Leyte

1978

Starts an Environmental Impact Assessment group to set the pace in environmental compliance for the energy sector

1983

The Philippines becomes the world’s second largest producer of geothermal power with the commissioning of Tongonan 1 and Palinpinon 1 EDC adds the Watershed Management group to its environmental management policy

1990

The Outstanding Corporate Environmental Program award is conferred on EDC by the PMAP

1994

EDC issues its first Eurobond, raising $90 million for the development of the Mindanao 1 project

1995

Palinpinon II is commissioned

The Mt. Apo project receives the Gawad Kalikasan Award for Most Outstanding Achievement in Environmental Impact Assessment

1996

The commercial operation of the 200-MW Leyte-Cebu plants marks the company’s entry into the power generation business through the build-operate-transfer scheme

PNOC EDC is awarded the Model for Environment Sustainability by the DENR and the UNDP, and the Model for Greening by the NEDA

1997

The 440-MW Leyte-Luzon plants in Leyte, the 40-MW Bacman II plant in Bicol and the 52-MW Mindanao 1 geothermal production field in North Cotabato are commissioned

1999

The Mindanao II geothermal production field is commissioned

2000

EDC projects generate a total of 1,149.4 MW, accounting for 60% of the country’s total geothermal capacity

2003

Receives the Excellence in Ecology and Economy Award from the PCCI

2006

Launches its IPO in the Philippine Stock Exchange (PSE)

With the handover of the 130-MW Upper Mahiao Power Plant, the company becomes a power plant operator

2007

The 49-MW Northern Negros Geothermal Production Field is commissioned to supply power to Western Visayas

Handover of the Malitbog,Mahangdong and OrmatOptimization power plants,vertically integrating EDC’soperations in Leyte

EDC receives the BullRun Award from the PSE forlaunching the biggest IPO of2006

On November 29, EDCbecomes a private corporationunder Red Vulcan HoldingsCorporation

2008

The Renewable Energy Act is enacted on December 16. In line with EDC’s new vision, the law encourages the development and utilization of renewable energy resources as effective tools to prevent or reduce harmful emissions

2011

Wins the Global Client Leadership Award from International Finance Corporation

2012

For obtaining a gold rating or 95% and above for three consecutive years, EDC is named the platinum awardee in the Institute of Corporate Directors’ 2011 Corporate Governance scorecard

2013

Breaks ground and later startsconstruction works for its firstforay into the wind energybusiness—the Burgos WindProject (BWP)

2014

Receives its ISO 9001: 2008certifications from TUVRheinland Cert GmbH

Inaugurates the 49.4-MW Nasulo geothermal plant in Negros Oriental

The 150-MW BWP is commissioned

2015

The BWP wins several awards, including the Asia-Pacific Renewables Deal of the Year from Project Finance International, and the Best Export Credit Agency-Backed Green Deal and one of the Top Ten Global Deals of the Year from London-based Trade and Export Finance