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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 16% 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).

 
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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.
 
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 PSE: FGEN

Open

27.00

High

27.50

Low

27.00

Close

27.00

Change

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52-Week High

70.50

52-Week Low

26.00

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572,700

As of 07/04/2008
12:10 PM

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PHILIPPINE STAR: EDC Plans to Enter Mt. Kanlaon Buffer Zone
Jun 23, 2008
Lopez-owned Energy Development Corp. (EDC), is optimistic that it could enter the Mt. Kanlaon buffer zone soon in order to recover the capacity of the original steam supply of 49 megawatt (MW) and avert the projected power crises in Negros Occidental by 2010.

MANILA BULLETIN: ERC Open to Scrutiny of First Gen Power Supply Contracts
Jun 16, 2008
The Energy Regulatory Commission (ERC) has set on record that it has always been "open and transparent" on the request of the Government Service Insurance System (GSIS) to access and scrutinize the records of power supply contracts of independent power producer First Gen Corporation.

PHILIPPINE STAR: EDC Firming Up Wind Power Project
Jun 15, 2008
Energy Development Corp. (EDC), majority-owned by the Lopez family, is firming up the construction of an 86-megawatt (MW) wind power project in Burgos, Ilocos Norte, a company official said.

PHILIPPINE DAILY INQUIRER: Lopez Firm Renews Appeal for Scrapping of Nat Gas Royalty
Jun 13, 2008
A power producer run by the Lopezes reiterated yesterday its appeal for the government to scrap its royalties on natural gas from Palawan to substantially bring down the cost of electricity.

PHILIPPINE DAILY INQUIRER: IPPs see high power rates even with Epira changes
Jun 11, 2008
Power prices will stay high even if legislators succeed in amending the Electric Power Industry Reform Act of 2001, according to the Philippine Independent Power Producers Association (Pippa).