Lopez-led power generation company Energy Development Corp. (EDC) is seeking to qualify geothermal projects for feed-in tariff (FIT) support to help meet growing demand of clean energy in the country, its top official told reporters after the company’s annual stockholders’ meeting on Thursday.

“If you take a look at the FIT that we’re giving to solar and wind and you add the costs of intermittency, 60-90 centavos, it costs a lot to bring them intermittency so why are we not similarly prioritizing geothermal? It’s a very simple solution, and the two arguments there are, one, factoring the cost intermittency for the others and two, for the coal side factoring in the true costs. Is it artificially low?” EDC President and COO Richard Tantoco said.

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