More News

Project

Staff Reporter

, Philippines

Published:

11 years ago

Lopez Group confirms US$66 million energy investments in Latin America

Investments will go into geothermal exploration projects.

Energy Development Corporation, a subsidiary of the Lopez Group of Companies in the Philippines, said it will soon make available an investment of US$58.3 million for the Mariposa prospect in Chile.

In Peru, the Lopez Group will invest US$8.0 million for projects in the Tutupaca Norte, Loriscota and Crucero prospects. EDC said it will have operational and management control of the Peruvian company that will be established to run the projects.

EDC further noted that four shareholder agreements have been executed with Alterra Power for the various prospects.

"The terms of the project agreements call for EDC to fund the next $58.3 million in project expenditures in the Mariposa project and $8.0 million in project expenditures for all the Peruvian projects to top Alterra's past development costs," EDC stressed.

The Lopez Group has investments in broadcasting and cable; telecommunications; power generation and distribution; manufacturing and property development.

Also Read

Masdar, PT PLN NR conquer Cirata reservoir’s depth for largest floating solar farm in SE Asia

South Korea, Kazakhstan expand energy cooperation through talent sharing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

South Korea, Kazakhstan expand energy cooperation through talent sharing

This was among the agreements signed.

Project

National CER strategy could bring down energy prices

The council added that it will also result in over 18,000 job opportunities.

Power Utility

Adani Power adds Mirzapur Thermal Energy as new subsidiary

It acquired five million shares in Mirzapur Thermal Energy.

Project

China leads global hydropower growth with 6,749 MW new installations in 2023

It is followed by Laos, Cambodia, Vietnam, and Indonesia in East Asia and the Pacific.

Power Utility

Exclusives

Masdar, PT PLN NR conquer Cirata reservoir’s depth for largest floating solar farm in SE Asia

The power plant can provide electricity to around 50,000 households in West Java.

Project

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development

Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.

Power Utility

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.