First Gen Corporation (First Gen) is the largest vertically-integrated power generation company in the Philippines; with an installed capacity of 2,582MW, it accounts for approximately 17% of total installed capacity in the country today.
First Gen was incorporated in December 1998 to become the primary holding company for the power generation and energy-related businesses of the Lopez Group. First Philippine Holdings Corporation (FPHC), parent and controlling shareholder of First Gen became involved in power generation industry in 1993 when its first major investment in power generation, Bauang Private Power Corporation (BPPC), was incorporated. First Gen's assets comprise the 1,000MW Santa Rita and 500MW San Lorenzo natural gas-fired power plants, the 225MW Bauang medium-speed bunker-fired diesel power plant, the Pantabangan/Masiway Hydroelectric Complex, and the 1.6MW Agusan mini-hydro power plant. In addition, First Gen recently acquired a 60% controlling stake in Philippine National Oil Corporation - Energy Development Corporation (EDC). First Gen ranked 34th in Business World's survey of the Philippines' leading companies in terms of net income in 2006.
As a world-class energy company, First Gen's Management System is certified against the requirements of ISO 9001:2000 (Quality Management). |
First Gen partnered with Conservation International Philippines and FPCI to develop and implement an ecosystem-based management program that aims to maintain and protect the ecosystem in Verde Passage, which is considered one of the richest in marine biodiversity around the world.
