EDC PR 2016 (FS section)

Geotermica Chile SPA also incorporated on January 13, 2012 in Santiago, Chile. Their main
purpose is to carry on the general business of generating, transmitting, and/or distributing
energy derived from any and all forms, types and kinds of energy sources for lighting and
power purposes and whole-selling the electric power to power corporations, public electric
utilities and electric cooperatives.
EDC Peru Holdings S.A.C., incorporated on January 19, 2012 in Lima, Peru, is a
99.9%-owned subsidiary of EDC HKL. EDC Peru Holdings S.A.C. holds 99.9% stake in
EDC Geotermica Peru S.A.C., which was also incorporated on January 19, 2012 in Lima,
Peru. EHIL owns the remaining 0.1% stake in EDC Peru Holdings S.A.C. and EDC
Geotermica Peru S.A.C. Their main purpose is to carry on the general business of generating,
transmitting, and/or distributing energy derived from any and all forms, types and kinds of
energy sources for lighting and power purposes and whole-selling the electric power to power
corporations, public electric utilities and electric cooperatives.
On July 17, 2012, Energy Development Corporation Peru S.A.C. was incorporated in Lima,
Peru as a 70%-owned subsidiary of EDC Geotermica Peru S.A.C. Its main purpose is to carry
on the general business of generating, transmitting, and/or distributing energy derived from
any and all forms, types and kinds of energy sources for lighting and power purposes and
whole-selling the electric power to power corporations, public electric utilities and electric
cooperatives. On January 3, 2014, EDC Peru S.A.C. became 100% indirectly owned
subsidiary by the Parent Company through acquisition of Hot Rock Entities (see Note 3).
On February 27, 2013, EDC Geotermica Del Sur S.A.C., EDC Energía Azul S.A.C., EDC
Energía Perú S.A.C., EDC Energía Geotérmica S.A.C., EDC Progreso Geotérmico Perú
S.A.C., EDC Energía Renovable Perú S.A.C., were incorporated in Lima, Peru as
99.9%-owned by EDC HKL and 0.1%-owned by EDC Peru Holdings S.A.C. Their main
purpose is to carry on the general business of generating, transmitting, and/or distributing
energy derived from any and all forms, types and kinds of energy sources for lighting and
power purposes and whole-selling the electric power to power corporations, public electric
utilities and electric cooperatives.
On July 5, 2013, three entities were incorporated in Lima, Peru. These entities are Geotermica
Tutupaca Norte Peru S.A.C. as 70%-owned by EDC Energia Peru S.A.C.; Geotermica
Crucero Peru S.A.C., as 70%-owned by EDC Energia Azul S.A.C; and Geotermica Loriscota
Peru S.A.C., as 70%-owned by EDC Progreso Geotermico S.A.C. Their main purpose is to
carry on the general business of generating, transmitting, and/or distributing energy derived
from any and all forms, types and kinds of energy sources for lighting and power purposes and
whole-selling the electric power to power corporations, public electric utilities and electric
cooperatives.
On January 3, 2014, EDC HKL purchased 100% interest in EDC Soluciones Sostenibles Ltd
and EDC Desarollo Sostenible Ltd located in British Virgin Islands (BVI) with a total offer
price of US$3.0 million. This effectively gave EDC HKL a 100% indirect interest to
acquirees’ subsidiaries EDC Energia Verde Chile SpA, EDC Energia de la Tierra SpA and
EDC Energia Verde Peru SAC (see Note 3).
On July 9, 2012, PT EDC Indonesia and PT EDC Panas Bumi Indonesia were incorporated in
Jakarta Pusat, Indonesia as 95%-owned subsidiaries of EDC HKL.
As of December 31, 2016, EDC HKIIL and all subsidiaries of EDC HKL remained
non-operating.
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I Energy Development Corporation Performance Report 2016