EPI buys 60% in Biliran geothermal project company in the Philippines - ThinkGeoEnergy
Published January 03, 2026
EPI Acquires 60% Stake in Biliran Geothermal Project Company in the Philippines
Energy Development Corporation (EDC), a prominent player in the renewable energy sector, has announced that its subsidiary, Emerging Power Inc. (EPI), has successfully acquired a 60% stake in the Biliran Geothermal Project Company. This acquisition marks a significant step in EPI's strategy to expand its geothermal portfolio in the Philippines.
The Biliran geothermal project is situated on Biliran Island, which is located in the Eastern Visayas region of the Philippines. The project is expected to harness the geothermal energy potential of the area, which has been identified as one of the promising sites for geothermal development in the country.
According to EDC, the Biliran geothermal project has an estimated capacity of 50 megawatts (MW), which will contribute to the growing demand for renewable energy in the Philippines. The project aims to provide a sustainable and reliable source of electricity to support the local grid and reduce the country's reliance on fossil fuels.
The acquisition of the 60% stake in the Biliran geothermal project aligns with EPI's commitment to promoting renewable energy and supporting the Philippines' transition to a more sustainable energy future. EPI has been actively involved in various renewable energy projects across the country, focusing on harnessing the potential of geothermal, solar, and wind energy.
EDC's President and Chief Operating Officer, Richard B. Tantoco, expressed optimism about the acquisition, stating that it reinforces the company's dedication to expanding its geothermal energy portfolio. He emphasized the importance of geothermal energy in achieving energy security and sustainability in the Philippines.
The Biliran geothermal project is expected to create job opportunities in the region during its construction and operational phases. EPI aims to work closely with local communities to ensure that the benefits of the project are shared and that local stakeholders are engaged throughout the development process.
In addition to its environmental benefits, the Biliran geothermal project is anticipated to enhance energy access in the region. The project will contribute to the government's efforts to increase the share of renewable energy in the national energy mix, in line with the Philippines' commitments to international climate agreements.
The Philippines has significant geothermal resources, ranking third in the world in terms of installed geothermal capacity. The country currently has an installed geothermal capacity of approximately 1,900 MW, with EDC being the largest producer of geothermal energy in the nation. The acquisition of the Biliran geothermal project will further solidify EDC's position as a leader in the geothermal sector.
As part of its long-term strategy, EPI plans to explore additional geothermal resources in the Philippines and expand its renewable energy footprint. The company is committed to investing in sustainable energy projects that contribute to the country's energy security and environmental sustainability.
In conclusion, the acquisition of a 60% stake in the Biliran geothermal project is a significant milestone for EPI and the broader renewable energy sector in the Philippines. This project not only represents an opportunity for growth and development but also underscores the importance of transitioning to renewable energy sources to combat climate change and promote sustainable development.
As EPI moves forward with the Biliran geothermal project, stakeholders and the local community will be closely watching its progress and the positive impacts it is expected to bring to the region.