LOPEZ-controlled Energy Development Corp. (EDC) has began investing in volcano-rich but energy-starved Republic of Chile, an open economy, starting last year and is now in the process of developing infrastructure and road systems leading to the hills and mountains of that country.

EDC, which used to be owned by the government through the Philippine National Oil Corp. was privatized and awarded to the Lopez group. It has entered into a long-term exploration and development works in that country, said Minister for Foreign Investment Carlos Dettlef, a very vital entity in Chile, in an interview with The Times on Friday.

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