THE PHILIPPINES LARGEST VERTICALLY INTEGRATED GEOTHERMAL COMPANY

INTRODUCTION
Energy Development Corporation is a geothermal energy industry pioneer and the
recognized world leader in wet steam field technology. In the Philippines, EDC is the largest
vertically integrated geothermal company, delivering 1,457.8MW of clean and renewable energy.
We continue to diversify our renewable energy portfolio through investments in hydropower, solar
power and wind energy projects in the Philippines. With almost 40 years of geothermal mastery,
EDC is set to deliver the benefits of sustainable geothermal development to communities around
the world as it ventures into Latin America and Indonesia.
EDC is part of the First Gen Corporation (First Gen) Group, which has the largest
portfolio of power plants using clean and renewable technology in the Philippines. First Gens 16
power generation plants have a combined capacity of 2,763MW. First Gen has one of the cleanest
power portfolios in the country with its entire power generation portfolio utilizing fuels such as
geothermal steam, water, and natural gas.
Wind power complements EDCs existing power generation assets including the baseload
geothermal plants, as well as, the Pantabangan hydroelectric plant, which serves as a peaking plant.
EDC has become the leading geothermal energy producer in the Philippines through the
successful development and operation of numerous geothermal energy projects. Since 1983, the
Company has successfully developed, financed, built, and operated seven geothermal steamfields
in five geothermal contract areas, containing both wet and dry steam. These steamfields currently
supply geothermal steam to geothermal power plants with an aggregate installed capacity of 1,130
MW. In addition, the Company currently, directly and indirectly, owns and operates eleven
geothermal power plants with a total installed capacity of 1,169 MW. EDC, through its indirect
wholly owned subsidiary Green Core Geothermal, Inc., operates the 192.5MW Palinpinon and
112.5MW Tongonan geothermal power plants. Bacman Geothermal, Inc., another indirect wholly
owned subsidiary of EDC, operates the 130MW Bacman geothermal power plant. The Company
believes this track record has enabled it to develop the expertise needed to assess the feasibility of
future acquisitions and greenfield projects, ensure the safe and efficient construction of power
plants, and provide for efficient power plant operations.
VISION
We will become the global leader in geothermal energy as we strengthen our leadership in the
Philippine renewable energy industry.

MISSION
We are committed to provide the present and future generations a better life with clean and
renewable energy.
We are committed to promote customer and investor interests, employee development, community
welfare and environmental stewardship at all times.

OUR CORPORATE OBJECTIVES

Maximize Shareholders Value
Sustain Profitable Growth
Expand Customer Base
Enhance Customer Relationship
Achieve Operational Excellence
Sustain High-performing Organization

OUR CORE VALUES

We have the best-qualified and trained professionals, technical people and support staff who
persist in always bringing EDC to industry leadership. The companys geothermal team has over
30 years of technical and management experience in the geothermal industry. We also have a core
team geoscientists and engineers who are holders of degrees from Geothermal Institutes in Iceland,
Italy, New Zealand and Japan.
1. BIAS FOR ACTION. Ensuring immediate action, working with a sense of urgency
2. PURSUIT OF EXCELLENCE. Achieving the highest standards of performance in
everything we do.
3. INTEGRITY. Doing the right thing and doing them right. Being accountable.
4. ENTREPRENEURIAL SPIRIT. Having a pioneering and innovative attitude, taking
intelligent risks, and being mindful of opportunities and seizing them.
5. STEWARDSHIP. Caring for and exacting judicious use of resources and treating the
business as if it were your own.
6. FAIRNESS. Treating each person with respect regardless of individual differences.
7. RESULTS-DRIVEN TEAMWORK. Working harmoniously with colleagues and
partners towards a common goal.
THE LOPEZ VALUES
We are guided by the following distinct Lopez Group values:
A Pioneering Entrepreneurial Spirit
Business Excellence
Unity
Nationalism
Social Justice
Integrity
Employee Welfare and Wellness
We know from generations of experience that it is by living according to these values that a
company can be built to last.