2014 Financial Statement

EDC 2014 Performance Report
Percentage of Ownership
December 31, 2014 December 31, 2013
Direct Indirect Direct Indirect
EDC Holdings International Limited (EHIL)**** 100.00 – 100.00 –
Energy Development Corporation Hong Kong
Limited (EDC HKL)**** – 100.00 – 100.00
EDC Chile Holdings SpA*** – 100.00 – 100.00
EDC Geotermica Chile SpA*** – 100.00 – 100.00
EDC Peru Holdings S.A.C.*** – 100.00 – 100.00
EDC Geotermica Peru S.A.C.*** – 100.00 – 100.00
EDC Quellaapacheta** – 100.00 – 70.00
EDC Geotérmica Del Sur S.A.C. ** – 100.00 – 100.00
EDC Energía Azul S.A.C.** – 100.00 – 100.00
Geotermica Crucero Peru S.A.C.** – 70.00 – 70.00
EDC Energía Perú S.A.C. ** – 100.00 – 100.00
Geotermica Tutupaca Norte Peru S.A.C.** – 70.00 – 70.00
EDC Energía Geotérmica S.A.C.** – 100.00 – 100.00
EDC Progreso Geotérmico Perú S.A.C.** – 100.00 – 100.00
Geotermica Loriscota Peru S.A.C.** – 70.00 – 70.00
EDC Energía Renovable Perú S.A.C.** – 100.00 – 100.00
PT EDC Indonesia*** – 95.00 – 95.00
PT EDC Panas Bumi Indonesia*** – 95.00 – 95.00
EDC Soluciones Sostenibles Ltd – 100.00 – –
EDC Energia Verde Chile SpA – 100.00 – –
EDC Energia de la Tierra SpA – 100.00 – –
EDC Desarollo Sostenible Ltd – 100.00 – –
EDC Energia Verde Peru SAC – 100.00 – –
EDC Wind Energy Holdings, Inc. (EWEHI) **** 100.00 – 100.00 –
EDC Burgos Wind Power Corporation (EBWPC) – 100.00 – 100.00
EDC Pagudpud Wind Power Corporation
(EPWPC)*** – 100.00 – 100.00
EDC Bayog Burgos Power Corporation (EBBPC)* – 100.00 – –
EDC Pagali Burgos Wind Power Corporation
(EPBWPC)* – 100.00 – –
EDC Bright Solar Energy Holdings, Inc. (EBSEHI)**** 100.00 – – –
EDC Bago Solar Power Corporation (EBSPC)* – 100.00 – –
EDC Burgos Solar Corporation (EBSC) * – 100.00 – –
First Gen Hydro Power Corporation (FG Hydro) 60.00 – 60.00 –
*Incorporated in 2014 and has not yet started commercial operations.
**Incorporated in 2013 and has not yet started commercial operations.
***Incorporated in prior years and has not yet started commercial operations.
****Serves as an investment holding company.
EDC Drillco
EDC Drillco is a company incorporated on September 28, 2009 to act as an independent service
contractor, consultant, specialized technical adviser for well construction and drilling, and other
related activities. As of December 31, 2014, EDC Drillco remained non-operating.
EGC
EGC, originally named as First Luzon Geothermal Energy Corporation, is a special-purpose
company incorporated on April 9, 2008 to participate in the bid for another local power plant. The
bid was won by and awarded to another local entity. Thereafter, EGC became an investment
holding company of its wholly owned subsidiaries, namely GCGI, BGI, ULGEI, SNGI, EMGI,
MAREI, BEDC and KGI. EGC also has a 0.01% stake in EDC Chile Limitada.
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