Energy Development Corporation Confirms Interest in Increasing Wind Power Capacity

In a disclosure to the Philippine Stock Exchange, Lopez controlled Energy Development Corporation confirmed on-going tender for EDC’s 86 MW Burgos Wind power Project and details of the article “EDC Mulls increase in wind power capacity” published in the May 6, 2009 issue of The Philippine Star.

The article reported, in part, that:
“ (EDC) .... is looking at the possibility of increasing its wind power project to 86 megawatts (MW), making it the biggest wind farm in Southeast Asia, the company’s top executive said. EDC President Paul Aquino said the company is currently soliciting proposals from various contractors for the expansion in the wind power project. “We decided on 86 MW from the previously planned 40 to 60 MW so that we can get the attention of the suppliers and it will be more cost efficient for us,” Aquino said … Aquino said the company is also planning to build a five-MW wind project near Boracay …"