EDC, the Lopez Legacy's Geothermal Giant, Faces $5B Takeover Bid Amidst Energy Security Concerns
A $5 billion takeover bid for the Energy Development Corporation (EDC) by an Indonesian billionaire has reignited discussions on energy security and the Lopez family's stewardship. EDC, established as a state-run entity in response to the 1973 oil crisis, has a significant history in enhancing the Philippines' energy independence.
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