The company was formerly owned by the Philippine National Oil Company, a state corporation owned by the Republic of the Philippines engaged in the exploration of resources, production of energy and distribution of power supply to smaller electricity distributor.
EDC was privatized and acquired by the Lopez Group as part of its energy and power supply utility business units.
Once operational, the Burgos Wind Farm is expected to generate approximately 233 GWh annually and power over a million households.
It will augment the Luzon grid’s dependable capacity which needs an additional 4,200 MW in the next ten years due to the projected 4.5% annual increase in electricity demand.
Once the GEOP market is in full commercial operations later in 2021, BGI will facilitate all necessary registration and transfer requirements for prospective customers who want clean and affordable energy.