Govt should support geothermal dev’t – EDC

Lopez-led Energy Development Corporation (EDC), the country’s largest geothermal energy producer, is encouraging the government to support the development of more geothermal projects saying that geothermal is not only a clean and renewable energy source but its cost, as well as supply, is stable.

EDC President and COO Richard B. Tantoco explained on Wednesday that the country cannot depend on coal-fired power plants for stable prices because – contrary to popular perception -- coal is no longer a cheap power plant fuel. “It’s price in fact erratic”, he said.