DOCSLIB.ORG

EDC 2015 Performance Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

REKINDLING AND RENEWING About the Cover REKINDLING AND RENEWING A country’s faith in its future Energy Development Corporation (EDC) is a global leader in geothermal energy and Philippine pioneer in renewable power production. Now 39 years onward, the company sets sights on further growing its platforms, so that we harness clean, renewable energy while making a positive change for our country’s growth. EDC seeks to rekindle and renew our country’s faith in its future by boosting national development through low-carbon and environmentally sustainable means. The illustrations represent the company’s portfolio of purely renewable assets, which is founded on our geothermal asset base but now venturing into wind and solar power. The rising islands symbolize our company’s ideals and ambitions as EDC pursues its bold aspiration to be a global leader in renewable energy. They are rendered in paper-textured 3D to convey our positive outlook as sustainable development rekindles a better future for all. Editorial Team EDITORIAL ADVISERS CIRCULATION Ramon A. Carandang Lourdes V. Zaide Agnes C. de Jesus Ma. Antonia D. Nieva COVER DESIGN BBDO Guerrero EDITOR-IN-CHIEF Frances L. Ariola COPY, LAYOUT AND INFOGRAPHICS DRINK CONTRIBUTORS Atty. Maria Jasmine D. Medina-Almojino PHOTOGRAPHY Atty. Princessita M. Yulde Martin Jhudiel D. San Diego (Portraiture) Garrick Gregory A. Mina Toto Labrador (Portraiture) Jimson S. Solatre Ivy A. Henson (Ground) Paulo M. Gooco Jeffrey Bajo (Ground and Aerial) Louie Adrianne R. Cediño John Carlo P. Despi (Ground) Cherrylane E. Santiago Creation Station (Aerial) 2 EDC 2015 Performance Report EDC 2015 Performance Contents 4 EDC at a Glance 10 About the Report: Six Years Onward 12 EDC 2015 Highlights 14 Vision, Mission and Values 15 Awards and Recognition 16 Message from the Chairman and Chief Executive Officer 20 Report of the President and Chief Operating Officer 26 Report of the Chief Financial Officer 30 Investors’ Nook 32 Operational Excellence that Drives Long-term Business Growth Feature: EDC’s Burgos Projects: The Country’s First Combined Wind and Solar Farm Feature: Future-proofing: Building a Truly Sustainable Business 40 Growing with Our Communities: Our Corporate Social Responsibility Feature: Rebuilding for Resiliency: EDC Typhoon-proofs More Schools Feature: Skilled Nation-builders: EDC’s KEITECH Reaches More Partner Communities Feature: Brighter Futures for the First CAREERS Graduates 50 Sustainable Development for a Low Carbon World Feature: EDC’s BINHI Grows New Legacies Feature: EDC Protects the Rich Biodiversity in its Geothermal Project Sites 68 Talent Management: Powered by Good People Feature: Involving and Evolving: EDC’s PowerUp 2015 Feature: Harmony with Our Unions: EDC Signs Joint Collective Bargaining Agreement Feature: EDC’s No Impact Week 2015: Taking on the Challenges of Sustainable Living 80 Our Safety Culture 86 Corporate Governance 112 Board of Directors 118 Key Executives 124 Memberships 125 Sustainability at Work: Our GRI Team 126 Assurance Statement of the External Review Committee 128 External Review Committee 130 Global Reporting Initiative G4 Content Index 137 Audited Consolidated Financial Statements 138 2015 Audit and Governance Committee Report 140 Management’s Responsibility for Financial Statements 3 REKINDLING AND RENEWING EDC AT A GLANCE Filipino company Energy Development Corporation (PSE: EDC) is a global and diversified renewable power company. We are the largest producer of geothermal energy with 1,169 megawatts (MW) of installed capacity. With 39 years of pioneering Fgeothermal industry experience, our company is the recognized world leader in wet steamfield technology. We have strategic geothermal business units in Bicol, Leyte, Negros Island, and Mt. Apo, with corporate headquarters in Ortigas Business Center, Pasig. We have built on our geothermal expertise to forge a robust portfolio of clean, indigenous, renewable energy sources that include hydro, wind, and solar power, composed of the 132-MW Pantabangan-Masiway Hydro Electric Power Project, 150- MW Burgos Wind Project, and 7-MW Burgos Solar I and II Project. All these allow us to supply vital power to the country’s largest grid and growth market. They provide an environmentally friendly source to power the Philippines’ growth prospects as the country emerges as a renewable energy leader in the dynamic Asian region. Locally, our geographically and technologically diversified base is well-positioned to provide value for stakeholders across the archipelago. Our focus on innovation, sustainability, and empowerment enables us to bring value to our stakeholders while protecting our license to operate in local communities, and in national and international jurisdictions. This platform and track record enable us to expand within and beyond the region. We have strategic investments in Southeast Asia and Latin America, to further empower economies and societies through partnerships that advance the sustainable development of our host and home countries. 4 EDC, the world’s largest vertically integrated geothermal company, has now 150.0 MW Burgos Wind expanded into a global, diversified 4.16 MW Burgos Solar I 2.66 MW Burgos Solar II* renewable power * Commissioned in January 2016 company. 120.0 MW Pantabangan 12.0 MW Masiway 120.0 MW BacMan I 20.0 MW BacMan II 112.5 MW Tongonan 125.0 MW Upper Mahiao 232.5 MW Malitbog LEGEND: 180.0 MW Mahanagdong 50.9 MW Optimization Wind Solar Hydro Geothermal (EDC Subsidiary) Geothermal (Integrated) 112.5 MW Palinpinon I 60.0 MW Palinpinon II** ** 20-MW Nasuji Power Plant placed on preservation 49.4 MW Nasulo Total Installed Capacity 52.0 MW Mindanao I 1,458 MW 54.0 MW Mindanao II EDC 2015 Performance EDC 2015 Performance GroWtH WItH oUr EDC PROSPEct AREAS CUStoMErS Ampiro, Misamis Occidental Mandalagan, Negros Occidental R Mt. Zion, North Cotabato 2 eport Institutional Lakewood, Zamboanga del Sur Geothermal Balingasag, Misamis Oriental Pagudpud, Ilocos Norte Matnog & Magdalena, Sorsogon 22 Batad & San Dionisio, Iloilo Electric Cooperatives* Manapla & Cadiz City, Negros Occidental Wind Pasuquin, Ilocos Norte Murcia, Negros Occidental President Roxas, North Cotabato Matalam, North Cotabato 3 Solar Bogo, Cebu Distribution Utilities Strategic Focus Before 2007 Today 8 • 1,169 MW Geothermal** Industrial 1,149 MW • 132 MW Hydro Technology Geothermal* • 150 MW Wind • 7 MW Solar • NPC • Electric Cooperatives Customers NPC • Distribution Utilities • Large Industrial Clients • NGCP 1 • Power Purchase Agreements Commercial Power Business • Wholesale Electricity Spot Market Purchase * Supplies to commercial, residential, Model • Ancilliary Services Provider Agreements and industrial customers • Feed-in tariff • Philippines • Indonesia Domicile Philippines • Peru • Chile * Steamfield only 36 TOTAL ** Steamfield and power plant NPC – National Power Corporation; NGCP – National Grid Corporation of the Philippines NEW CoNtractS, NEW CUStoMErS For 2015 In 2015, new power supply agreements (PSA) with an aggregate contracted capacity of 30 MW were signed with Antique Electric Cooperative (ANTECO), Mactan Enerzone Corporation (MEZ), Camarines Sur IV Electric Cooperative (CASURECO IV), and Bohol Light Company, Inc. (BLCI). Our company also increased the contracted capacities of two existing customers, Iloilo II Electric Cooperative (ILECO II) and Iloilo III Electric Cooperative (ILECO III), adding 4.5 MW to our contracted volume. With these new and amended agreements, their combined additional 34.5 MW are estimated to contribute additional revenues of PHP555 million in 2015. PHP181 million in additional revenue was also realized from the interim replacement power contract with San Miguel Energy Corporation (SMEC), for the period from September to November 2015, to cover its 23-MW contract obligation to its customer, Isabela II Electric Cooperative (ISELCO II). G4-10, G4-EU3, G4-EU10 6 The EDC value chain is a continuum of investments that rekindles and renews the future of national development. We generate environmentally sustainable power through our diversified and purely renewable energy portfolio, which now spans geothermal, hydro, wind, and solar power, while uplifting the lives of our customers and partner communities. At every stage — from exploration to resource management to power generation — our company is empowered by the longstanding commitment to live harmoniously with the environment and make positive contributions for our country. REKINDLING AND RENEWING ABOUT THE REPORT Six Years Onward oUr StAkEHoLDErS’ MAtErIAL indicatorS* (Based on impact and influence) EDC is now on its sixth year of Impact Influence sustainability reporting under GRI G4 KPIs Description Score Score the Global Reporting Initiative EN13 Habitats protected or restored 3.14 2.54 E(GRI) framework in keeping with its sustainability agenda. With Percentage of total workforce represented in formal joint management-worker health and safety committees that nearly four decades in practicing LA5 help monitor and advise on occupational health and 3.09 2.44 safety programs responsible energy production, Average hours of training per year per employee by our company continues to disclose LA9 gender, and by employee category 2.92 2.34 triple bottom line performance while we pursue our bold aspiration EN6 Reduction of energy consumption 2.90 2.35 and long-term goals. Reductions in energy requirements of products and EN7 services 2.90 2.35 Now six years onward, our 2015 LEGEND: 1 – No Impact / No Influence Impact Score – significance
Recommended publications
  • Typhoon Spurs Bayanihan

    Typhoon Spurs Bayanihan

    October 2009 Available online at www.Lopezlink.ph How to help typhoon victims...pages 7 and 8 Typhoon spurs ‘bayanihan’ WHEN Jane woke up on the morning of September 26, she other: “It’s flooded everywhere, a lot of people are stranded. Don’t thought it was just another rainy Saturday, like most weekends in go out, floodwaters are rising fast.” They were from a friend who Meralco on track the past month or so had been. She wasn’t going to let the rain stop lived two streets away. When she checked online, she realized just with restoration her from spending the day at the nearest mall 15 minutes away, her how serious the situation in Manila was. way of unwinding from a long, crazy week at work. A flurry of posts from her Facebook contacts told of being stuck ...page 3 Then the first text message came: “Where are you? The flood is in cars or homes, and shared traffic advisories, hotline numbers, already waist-deep here, even the pedicabs are useless.” And an- Turn to page 6 ‘Kapamilya’ talents, among them Zanjoe Marudo and Shaina Magdayao, went to different evacuation centers and flood-ravaged areas to help distribute relief goods and bring comfort to the victims of typhoon Ondoy. EL Center safe after typhoon...page 3 Are you ready? Tips on page 10 A T IS T BENJIE BAU PHOTO BY: 2 3 Lopezlink October 2009 Lopezlink October 2009 OML: ‘Corporate governance is about being world- class’ EDC bags Palinpinon, Tongonan plants OSCAR M. Lopez (OML) was one understand that to compete globally for playing field, where the rules of en- the Institute of Corporate Directors; ENERGY Development Cor- cilities.
  • 2012-SEC17A-AMENDED-PSE.Pdf

    2012-SEC17A-AMENDED-PSE.Pdf

    SEC Number 66381 File Number _____ ENERGY DEVELOPMENT CORPORATION (Company’s full Name) One Corporate Centre Julia Vargas cor. Meralco Ave., Ortigas Center, Pasig City (Company’s Address) (632) 755-2332 (Telephone Number) December 31, 2012 (Fiscal Year Ending) AMENDED SEC FORM 17-A/A-1 (Form Type) Corporation Finance Department (SEC Department) Total Number of Stockholders as of December 31, 2012: 700 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended December 31, 2012 2. Commission identification number: 66381 3. BIR Tax Identification No. 000-169-125-000 4. Exact name of issuer as specified in its charter: ENERGY DEVELOPMENT CORPORATION 5. PHILIPPINES 6. (SEC Use Only) Province, country or other jurisdiction of Industry Classification Code incorporation or organization 7. One Corporate Centre Julia Vargas cor. Meralco Ave., Ortigas Center, Pasig City 1605 Address of issuer's principal office Postal Code 8. (632) 755-2332 Issuer's telephone number, including area code: 9. Former name, former address and former fiscal year, if changed since last report: 10. Securities registered pursuant to Sections 8 and 12 of the Code, or Sections 4 and 8 of the RSA Title of each Class Number of shares outstanding as of December 31, 2012 Common Stock, P1.00 par value 18,750,000,000 Preferred Stock, P0.01 par value 9,375,000,000 11. Are any or all of the securities listed on a Stock Exchange? Yes [ √ ] No [ ] If yes, state the name of such Stock Exchange and the class/es of securities listed therein: Philippine Stock Exchange Common Stock 12.
  • Senat:E Pasay City

    Senat:E Pasay City

    REPUBLIC OF THE PHILIPPINES Senat:e Pasay City Journal SESSION NO. 92 Monday, June 6,2011 FIFTEENTH CONGRESS FIRST REGULAR SESSION SESSION NO. 92 Monday, June 6, 20 II CALL TO ORDER bear fruit, better the lives of our people, right those which are wrong, improve those At 3:28 p.m., the Senate President, Hon. Juan which are mediocre, strengthen those which Ponce Enrile, called the session to order. are weak, and bring our nation closer to that quality of life consistent with the abundance PRAYER You have promised us. Sen. Teofisto "TG" L. Guingona III led the Now, we humble ourselves before You prayer to wit: to ask that the work of our hands and collective minds would lead to the healing of As our First Regular Session in the our land; to the unity of our people's vision Fifteenth Congress draws to a close, and purpose; to the solidarity among our we take inspiration from the Bible in diverse aspirations; and to the oneness of these timeless prophetic words from the our nation's spirit. 2 Chronicles 7: 14: In You, may we find forgiveness for If my people, who are calJed by my mistakes, shortcomings, fail ures, frustrations, name, wilJ humble themselves and pray and disappointments. May Your Father's and seek my face and tum from their love be the constant source of our shared wicked ways, then I will hear from strength wisdom as we humbly strive to heaven, and I will forgive their sin and serve our countrymen better. will heal their land.
  • Republic of the Philippines COMMISSION on ELECTIONS COMMITTEE on OVERSEAS VOTING CERTIFIED LIST of OVERSEAS VOTERS 2013 National Elections

    Republic of the Philippines COMMISSION on ELECTIONS COMMITTEE on OVERSEAS VOTING CERTIFIED LIST of OVERSEAS VOTERS 2013 National Elections

    Republic of the Philippines COMMISSION ON ELECTIONS COMMITTEE ON OVERSEAS VOTING CERTIFIED LIST OF OVERSEAS VOTERS 2013 National Elections SEAFARER Seq. No. Form ID No. Name Sex Birthdate CivilStatus 1 6080020130072045 AARON, ARNEL YEE ALIAN M May 27,1961 M 2 4049920100000033 ABA, BANGELE CASTILLO M October 17,1953 M 3 6205420130003265 ABAB, FERDINAND BENTULAN M January 25,1977 M 4 3000620130001143 ABABA, JOVITO SUMAYAO M May 20,1968 M 5 6205420130006069 ABABA, ROEL DOCTOR M March 26,1972 M 6 6080020130071225 ABABAT, JEROME RODRIGUEZ M March 14,1961 M 7 6080020130003527 ABAD, ALTAIR MOSCOSO M May 25,1983 S 8 7026610200002277 ABAD, ANDRES JR. MANZANO M April 17,1981 S 9 6080020130030059 ABAD, DANILO JR. ARGOTA M February 16,1986 M 10 6080020130025994 ABAD, EDALYN FELISA CABALLERO F February 05,1985 S 11 6205420130003885 ABAD, EDGARDO BUSA M April 01,1968 M 12 6080020130131771 ABAD, FRANCIS FUERTE M May 01,1975 M 13 6080020130210035 ABAD, JULIAN ERWIN AGUSTIN M May 09,1975 S 14 6080020130131011 ABAD, KAY JAVIER F March 21,1980 S 15 3443204700001812 ABAD, MARITIS AMOD F April 13,1973 S 16 6080020130130542 ABAD, RENATO _ M August 12 , 1980 S 17 6205420130000519 ABAD, RENATO JR. DISTOR M October 24,1977 M 18 6080020130041312 ABAD, ROMULO CERVANTES M January 01,1968 M 19 6080020130130193 ABAD, RYAN YABES M March 30,1980 M 20 6080020130074692 ABADA, JOSE RONALD FLORES M October 21,1971 M 21 8405120130003164 ABADAM, ALAN BASILIA M February 03,1969 M 22 6080020100018290 ABADIER, BENJAMIN CABANTOG M January 05,1976 M 23 6080020130156470 ABADIEZ, CHRISTOPHER MONZALES M May 07,1976 M 24 3000620130001859 ABADIEZ, JOEL DOLORES M June 06,1969 M 25 6080020130156469 ABADIEZ, RUTH DELFIN F January 11,1978 M 26 6080020130155862 ABADILLA, ADRIAN CRUZ M October 24,1971 M 27 6205420130004957 ABADILLA, ALBERT ABDON M October 06,1983 S 28 6080020130072886 ABADILLA, MARIO CUYO M October 22,1959 M 29 6080020130073193 ABADLES, RAHN OLIVAR M January 02,1971 S 30 6080020130072108 ABADONIO, RAFAEL CEBALLOS M March 05,1977 M 31 6205420130005480 ABAG, APOLONIO JR.
  • Salguet to Zurita

    Salguet to Zurita

    REPUBLIC OF THE PHILIPPINES COMMISSION ON ELECTIONS OFFICE FOR OVERSEAS VOTING CERTIFIED LIST OF OVERSEAS VOTERS (CLOV) (LANDBASED) Country : UNITED STATES OF AMERICA Post/Jurisdiction : LOS ANGELES Source: Server Seq. No Voter's Name Registration Date 43443 SALGUET, MARCELO PLANCO July 13, 2015 43444 SALIBAY, BERNARDO BESARIO October 05, 2015 43445 SALIDO, GLOVIN ASCANO January 22, 2015 43446 SALIDO, HEGINIO NARCISO August 02, 2018 43447 SALIENDRA, NANETTE BABAT April 20, 2015 43448 SALIENDRA, RICHELLE BALAMBAN July 26, 2018 43449 SALIG, ALEXIUS BALBIDO July 16, 2018 43450 SALIGAMBA, RHEA - February 03, 2015 43451 SALIGUMBA, ELLA MAY LOMUGDANG September 10, 2017 43452 SALIGUMBA, MIHDA ALI March 12, 2017 43453 SALIGUMBA, RAFFGER ABELLO September 10, 2017 43454 SALILENG, ARLEEN GONZALES September 01, 2015 43455 SALILENG, KAREN MICHELLE TANAGON July 30, 2015 43456 SALIMBAGAT, RALPH GOGUANCO January 20, 2018 43457 SALIMBANGON, NINA JAZMIN REARIO January 16, 2015 43458 SALIMBANGON, ULPA NOVABOS December 18, 2017 43459 SALIMBANGON, ULPA NOVCABOS August 15, 2012 43460 SALINAS, ALZAIDA FERRER December 18, 2014 43461 SALINAS, ANELIA MONTAS May 03, 2012 43462 SALINAS, AURA FEBE FENIS November 03, 2014 43463 SALINAS, DIOMEDES BANTILAN October 10, 2012 43464 SALINAS, GIGI CUBOS October 24, 2017 43465 SALINAS, GLORIA HERNANDEZ March 29, 2015 43466 SALINAS, IMELDA RAFOLS May 04, 2018 43467 SALINAS, LUZVIMINDA LOPEZ July 27, 2015 43468 SALINAS, MARICAR JOYCE JUAN April 25, 2017 43469 SALINAS, MARICHU DURAN May 24, 2014 43470 SALINAS, MIGUEL JR. GALLIGUEZ October 04, 2017 43471 SALINAS, ROEHMER AYING October 03, 2014 NOTICE: All authorized recipients of any personal data, personal information, privileged information and sensitive personal information contained in this document.
  • IASC Inter-Agencyhumanitarian Evaluation of the Typhoon Haiyan Response

    IASC Inter-Agencyhumanitarian Evaluation of the Typhoon Haiyan Response

    IASC Inter-agency Humanitarian Evaluation of the Typhoon Haiyan Response Prepared on behalf of the Inter-Agency Humanitarian Evaluation Steering Group October 2014 © 2014 United Nations Office for Coordination of Humanitarian Affairs Two United Nations Plaza New York, NY 10017, USA http://www.humanitarianresponse.info/programme-cycle/space/evaluation The evaluation was conducted by Teresa Hanley, Rusty Binas, Julian Murray and Baltz Tribunalo from Valid International, and managed by Victoria Saiz-Omenaca from the UN Office for Coordination of Humanitarian Affairs. Funding for the evaluation was provided by UN-OCHA, UNICEF, WFP and FAO. The views expressed in this publication do not necessarily represent those of the members of the Inter Agency Standing Committee, Inter-Agency Humanitarian Evaluation Steering Group, or of those institutions of the United Nations system that are mentioned herein. The designations and terminology employed and the presentation of material do not imply any expression of opinion whatsoever on the part of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or of its frontiers or boundaries. Photo: IRIN/Jason Gutierrez, November 2013 ACKNOWLEDGEMENTS The IAHE team would like to thank the communities and all those who gave their time to share their experiences with the evaluation team in interviews and discussions. We appreciated people’s openness, patience with the questioning, and generosity throughout. The team is also grateful for the professional and good-natured support provided by the OCHA teams in New York, Manila, Tacloban, Guiuan and Iloilo, who provided considerable practical and logistical support in advance, during and after the evaluation visits, and ensured the smooth running of the evaluation process.
  • Admin Law Case Digest

    Admin Law Case Digest

    a. Flores v Drilon (223 SCRA 568) (2) Whether or not the SBMA posts are merely ex officio to the position of Mayor of Olongapo City and thus an excepted FACTS: circumstance. (3) Whether or not the Constitutional provision allowing an elective official to receive double compensation (Sec. 8, Art. The constitutionality of Sec. 13, par. (d), of R.A. IX-B) would be useless if no elective official may beappointed 7227, otherwise known as the "Bases Conversion and to another post. Development Act of 1992," under which respondent Mayor Richard J. Gordon of Olongapo City was appointed Chairman (4) Whether there is legislative encroachment on the and Chief Executive Officer of the Subic Bay Metropolitan appointing authority of the President. Authority (SBMA), is challenged with prayer for prohibition, preliminary injunction and temporary restraining order. Said (5) Whether Mayor Gordon may retain any and all per diems, provision provides the President the power to appoint an allowances and other emoluments which he may have administrator of the SBMA provided that in the first year of its received pursuant to his appointment. operation, the Olongapo mayor shall be appointed as chairman and chief of executive of the Subic Authority. HELD Petitioners maintain that such infringes to the constitutional provision of Sec. 7, first par., Art. IX-B, of the Constitution, (1) YES, Sec. 7 of Art. IX-B of the Constitution Provides: No which states that "no elective official shall elective official shall be eligible for appointment or be eligible forappointment or designation in any capacity to designation in any capacity to any public office or position any public officer or position during his tenure," The during his tenure.
  • Philippine Broadband: a Policy Brief

    Philippine Broadband: a Policy Brief

    AUTHOR Ms. Mary Grace Mirandilla-Santos is an independent researcher specializing in telecommunications and information and communications technology (ICT) policy, and technology’s impact on development and society. Her areas of interest include telecoms/ICT regulation and competition policy, e-government, e-democracy, and universal ICT access. She has been a policy analyst and researcher for the past 15 years and have worked on various donor-funded technical assistance projects to the Philippines government, as well as local and international nonprofits and development institutions. Currently, she is a national ICT research consultant at the Asian Development Bank and recently worked as a local expert for a European Union-funded research project on telecommunications competition mapping. It is her personal advocacy to promote better Internet service in the country. She is vice president for policy of the Internet Society (ISOC) Philippines Chapter and a research fellow of LIRNEasia, a regional ICT policy think tank active in the Asia Pacific. Editor: : John D. Forbes Cover Concept & Layout : Christina Maria D. Tuguigui Coordinators : John Vincent C. Pimentel and Froland M. Tajale Sponsors : American Chamber of Commerce of the Philippines Australian New Zealand Chamber of Commerce of the Philippines Canadian Chamber of Commerce Coalitions for Change, a partnership of the Australian Embassy and The Asia Foundation Contact Center Association of the Philippines Democracy.net.ph Employers Confederation of the Philippines European Chamber of Commerce of the Philippines Foundation for Economic Freedom Federation of the International Cable TV and Telecommunications Association of the Philippines IT and Business Process Association of the Philippines Internet Society (Philippine Chapter) Japanese Chamber of Commerce and Industry of the Philippines Korean Chamber of Commerce of the Philippines Management Association of the Philippines Philippine Association of Multinational Companies Regional Headquarters, Inc.
  • Farewell to Schoolbooks! Japanese Execs Visit FPIP…Page 2 Win a Family Lunch for 6 at Mamou Power Plant Mall and Celebrate

    Farewell to Schoolbooks! Japanese Execs Visit FPIP…Page 2 Win a Family Lunch for 6 at Mamou Power Plant Mall and Celebrate

    MARCH 2015 www.lopezlink.ph Win a family lunch for 6 at Mamou Power Plant Mall and celebrate your 2015 graduates. To join, see page 5. Run for the scholars @ StoryDZMM on page 10.Takbo 2015! http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph EDC greens THE race to harness the wind has been won! Thanks to an intrepid team from the Lopez Group, kapamilya who visit the changed landscape of Ilocos Norte feel a twinge of pride when faced with the rows of shiny windmills spinning in the breeze. the grid Turn to page 6 Japanese execs Echo, Paulo Farewell to …page 2 face off in new schoolbooks! visit FPIP …page 12 series…page 4 Lopezlink March 2015 Lopezlink March 2015 Biz News Biz News Mandaluyong honors OML, SKY Dispatch from Japan THAITHE FROM PHOTOEMBASSY 21st cityhood Meanwhile, SKY received anniversary. a plaque of appreciation in O M L recognition of its involvement r e c e i v e d in job fair programs in the the Ulirang city. During these job fairs, Ma nd a leño SKY’s Consumer Sales team Award for partnered with third-party Community agencies in providing job op- Service. He portunities for sales agents. was joined by The city government said Rosa Rosal SKY’s job generation efforts AMML (5th from left) and the ASEAN ambassadors present a farewell gift to Amb. Upatising ( C o m m u - have contributed in supporting nity Service), its developmental agenda, advo- Joseph Lee cacies and pro-people initiatives AMML leads ASEAN farewell to Thai envoy Lopez Group chairman emeritus Oscar M.
  • Official List of Qualifiers for the Dost-Sei 2019 Science

    Official List of Qualifiers for the Dost-Sei 2019 Science

    OFFICIAL LIST OF QUALIFIERS FOR THE DOST - S E I 2 0 1 9 SCIENCE AND TECHNOLOGY UNDERGRADUATE SCHOLARSHIPS The Department of Science and Technology (DOST), through the Science Education Institute (SEI), announces the names of the qualifiers for the 2019 S&T Undergraduate Scholarships. Each qualifier shall receive a notice of award from the DOST-SEI or the DOST Regional Office stating the date of orientation and contract signing. The qualifiers shall report at the designated venue with a parent/legal guardian who must bring a valid passport or any government-issued ID card. The legal guardian is required to submit a notarized affidavit of guardianship. The new scholarship awardees must seek admission in any of the priority S&T Programs of study in state colleges and universities; CHED-recognized Centers of Excellence/Centers of Development and institutions with FAAP Level III accreditation for the programs they intend to enroll in. Qualifiers with asterisk (*) have lacking document/s and they will be advised accordingly in the notice of award. The following are the qualifiers of the 2019 S&T Undergraduate Scholarship (List is also available at www.sei.dost.gov.ph): AALA, KELLY JOY MENDOZA AALA, MARIE ERICKA GRACE ONATE ABACAHIN, BLESSIE MARIE NOVAL ABACO, VINCENT MAGLENTE ABAD, ALDRIN LUBERT SUAREZ ABAD, KRISTINE JOY MOJICA ABAD, MARK GABRIEL RAMIREZ ABAD, NEILSON VARGAS ABADILLA, BEATRICE CLAIRE SELGA ABAGAT, JEROME GABRIEL AGUSTIN ABAIS, JOSHUA NATHANIEL MALDO ABAJA, JOSHUA SEBASTIAN ABAJA, NICOLE CHRISTINE CORAZA ABALES, TOBY JAMES
  • Bayan Foundation: Helping Build the Nation from Below

    Bayan Foundation: Helping Build the Nation from Below

    June 2007 A forbirthday Meralco chairman surprise Manuel M. Lopez at the LAA...pp.4 & 8 Bayan Foundation: Helping 1Q 2007 fi nancial results: build the nation from below IN a town in La Union, it was report- But this story of transformation neurs—but also stewards of funds; they First Gen, ed that fewer people knocked on the actually goes back to a decade earlier, were able to pay their loans on time with doors of Bauang Private Power Corp. to a group of women living in a de- interest. That inspired ABS-CBN Foun- pinakamalakas (BPPC) to ask for donations. Sari-sari pressed area in Metro Manila. dation Inc. [AFI] under Gina Lopez to kumita...p.2 stores started sprouting, and residents In 1997, the Lopezes loaned 25 make microfi nance a regular program engaged each other in a friendly com- women from Loyola Heights, Quezon under the foundation,” says ABS-CBN petition to come up with the best pro- City a certain amount of money to be Bayan Foundation Inc.’s Irma Cosico. cessed meat and fi sh products. Most used for a small business of their choice. Armed with additional fund- surprising of all, local moneylend- They were asked to pay off the loan, with ing from the BPPC, ABS-CBN Bay- ers lowered the interest they charged interest, within a designated period. an headed north to La Union and residents to 10% from the customary “That initial step proved that wom- 20%. en can be good—not only entrepre- Turn to page 6 2 exhibits open at the Lopez Museum ...p.9 Back-to-school fi n d s @ P o w e r ...p.12 Passing on the values: A typical Bayan client in Quezon Plant Mall City as she involves her whole family in her enterprise.
  • October 15, 2008

    October 15, 2008

    Energy Development Corporation 38th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, Pasig 1605, Philippines Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332 (Globe) April 1, 2015 JANET A. ENCARNACION HEAD, Disclosures Department The Philippine Stock Exchange, Inc. Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue, Makati City Dear Ms. Encarnacion: In compliance with the Philippine Stock Exchange disclosure requirement, we submit the attached Notice of May 5, 2015 Annual Stockholders’ Meeting and SEC Form 20-IS (Definitive Information Statement). Energy Development Corporation (A Subsidiary of Red Vulcan Holdings Corporation) and Subsidiaries Consolidated Financial Statements December 31, 2014 and 2013 and Years Ended December 31, 2014, 2013 and 2012 and Independent Auditors’ Report SyCip Gorres Velayo & Co. Tel: (632) 891 0307 BOA/PRC Reg. No. 0001, 6760 Ayala Avenue Fax: (632) 819 0872 December 28, 2012, valid until December 31, 2015 1226 Makati City ey.com/ph SEC Accreditation No. 0012-FR-3 (Group A), Philippines November 15, 2012, valid until November 16, 2015 INDEPENDENT AUDITORS’ REPORT The Stockholders and the Board of Directors Energy Development Corporation We have audited the accompanying consolidated financial statements of Energy Development Corporation (a subsidiary of Red Vulcan Holdings Corporation) and its Subsidiaries, which comprise the consolidated statements of financial position as at December 31, 2014 and 2013, and the consolidated statements of income, statements of comprehensive income, statements of changes in equity and statements of cash flows for each of the three years in the period ended December 31, 2014, and a summary of significant accounting policies and other explanatory information.