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EDC 2014 SR (UPDATED)

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<strong>EDC</strong> <strong>2014</strong> Performance Report<br />

Percentage of Ownership<br />

December 31, <strong>2014</strong> December 31, 2013<br />

Direct Indirect Direct Indirect<br />

<strong>EDC</strong> Holdings International Limited (EHIL)**** 100.00 – 100.00 –<br />

Energy Development Corporation Hong Kong<br />

Limited (<strong>EDC</strong> HKL)**** – 100.00 – 100.00<br />

<strong>EDC</strong> Chile Holdings SpA*** – 100.00 – 100.00<br />

<strong>EDC</strong> Geotermica Chile SpA*** – 100.00 – 100.00<br />

<strong>EDC</strong> Peru Holdings S.A.C.*** – 100.00 – 100.00<br />

<strong>EDC</strong> Geotermica Peru S.A.C.*** – 100.00 – 100.00<br />

<strong>EDC</strong> Quellaapacheta** – 100.00 – 70.00<br />

<strong>EDC</strong> Geotérmica Del Sur S.A.C. ** – 100.00 – 100.00<br />

<strong>EDC</strong> Energía Azul S.A.C.** – 100.00 – 100.00<br />

Geotermica Crucero Peru S.A.C.** – 70.00 – 70.00<br />

<strong>EDC</strong> Energía Perú S.A.C. ** – 100.00 – 100.00<br />

Geotermica Tutupaca Norte Peru S.A.C.** – 70.00 – 70.00<br />

<strong>EDC</strong> Energía Geotérmica S.A.C.** – 100.00 – 100.00<br />

<strong>EDC</strong> Progreso Geotérmico Perú S.A.C.** – 100.00 – 100.00<br />

Geotermica Loriscota Peru S.A.C.** – 70.00 – 70.00<br />

<strong>EDC</strong> Energía Renovable Perú S.A.C.** – 100.00 – 100.00<br />

PT <strong>EDC</strong> Indonesia*** – 95.00 – 95.00<br />

PT <strong>EDC</strong> Panas Bumi Indonesia*** – 95.00 – 95.00<br />

<strong>EDC</strong> Soluciones Sostenibles Ltd – 100.00 – –<br />

<strong>EDC</strong> Energia Verde Chile SpA – 100.00 – –<br />

<strong>EDC</strong> Energia de la Tierra SpA – 100.00 – –<br />

<strong>EDC</strong> Desarollo Sostenible Ltd – 100.00 – –<br />

<strong>EDC</strong> Energia Verde Peru SAC – 100.00 – –<br />

<strong>EDC</strong> Wind Energy Holdings, Inc. (EWEHI) **** 100.00 – 100.00 –<br />

<strong>EDC</strong> Burgos Wind Power Corporation (EBWPC) – 100.00 – 100.00<br />

<strong>EDC</strong> Pagudpud Wind Power Corporation<br />

(EPWPC)*** – 100.00 – 100.00<br />

<strong>EDC</strong> Bayog Burgos Power Corporation (EBBPC)* – 100.00 – –<br />

<strong>EDC</strong> Pagali Burgos Wind Power Corporation<br />

(EPBWPC)* – 100.00 – –<br />

<strong>EDC</strong> Bright Solar Energy Holdings, Inc. (EBSEHI)**** 100.00 – – –<br />

<strong>EDC</strong> Bago Solar Power Corporation (EBSPC)* – 100.00 – –<br />

<strong>EDC</strong> Burgos Solar Corporation (EBSC) * – 100.00 – –<br />

First Gen Hydro Power Corporation (FG Hydro) 60.00 – 60.00 –<br />

*Incorporated in <strong>2014</strong> and has not yet started commercial operations.<br />

**Incorporated in 2013 and has not yet started commercial operations.<br />

***Incorporated in prior years and has not yet started commercial operations.<br />

****Serves as an investment holding company.<br />

<strong>EDC</strong> Drillco<br />

<strong>EDC</strong> Drillco is a company incorporated on September 28, 2009 to act as an independent service<br />

contractor, consultant, specialized technical adviser for well construction and drilling, and other<br />

related activities. As of December 31, <strong>2014</strong>, <strong>EDC</strong> Drillco remained non-operating.<br />

EGC<br />

EGC, originally named as First Luzon Geothermal Energy Corporation, is a special-purpose<br />

company incorporated on April 9, 2008 to participate in the bid for another local power plant. The<br />

bid was won by and awarded to another local entity. Thereafter, EGC became an investment<br />

holding company of its wholly owned subsidiaries, namely GCGI, BGI, ULGEI, SNGI, EMGI,<br />

MAREI, B<strong>EDC</strong> and KGI. EGC also has a 0.01% stake in <strong>EDC</strong> Chile Limitada.<br />

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