EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
Phase 2 – Procure and install off-theshelf
hurricane-grade towers for 233–
kph survivability.
Phase 3 – Take Phase-2 solution
up another level by designing and
implementing a 300–kph solution.
At present, there are 68 hurricane
tower sets scheduled for delivery to
retrofit the existing fleet of cooling
towers, to be followed by 40 more
sets.
The engineering solutions will
be progressively implemented
throughout the four strategic business
units. While these solutions may
increase costs in the short run, we
believe they are necessary strategic
investments to protect our growth
agenda and the energy security of our
country.
Beyond our physical operations’
improvements, EDC has prioritized
investments in the technical expertise
of our personnel. We continue our
NZD 1 million research agreement with
GNS Science, New Zealand’s leading
geosciences research institution,
which channels our processes and
systems to improve efficiencies,
lower risks, and develop solutions to
the challenges of managing critical
energy resources and operations.
This is further enhanced by over 40
years of collaborative relationships
with the leading universities in New
Zealand, which are at the forefront of
geothermal industry research given
their country’s position as one of the
leading producers of geothermal
energy and research leaders on fluidbased
or two-phase geothermal fields,
which the Philippine geothermal
industry shares.
Economic values
generated, distributed,
and retained*
Of the ₱32.1 billion economic value generated in
2014, ₱22.3 billion or 69% was distributed as operating
cost (₱8.1 billion), wages and benefits (₱3.1 billion),
payment to capital providers (₱8.2 billion), payment to
the government in the form of taxes (₱2.7 billion), and
community investments (₱0.2 billion). Economic value
retained was at ₱9.8 billion.
Legend: 2012 2013 2014
*Per GRI framework
**Figures in ₱ billion
This page contains the following GRI indicator(s):
G4-9, G4-EC1
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