First Gas Power Corporation
FGPC owns and operates the 1,000-MW Santa Rita combined-cycle natural gas-fired power plant in Batangas, 100 kilometers south of Manila, Philippines. The Santa Rita power plant uses natural gas from the Malampaya Gas Field in offshore Northwest Palawan. The Santa Rita power plant project was developed, financed and constructed by First Gas Power Corporation (FGPC).
FGPC, which was originally owned 60 per cent by First Gen, has since become a wholly owned First Gen subsidiary following the decision in May 2012 of the BG Group to sell its 40 per cent interest in FGPC.
The Santa Rita plant was built by a consortium led by Siemens AG under a fixed-price, turnkey Engineering, Procurement and Construction (EPC) Contract. Operation and Maintenance (O&M) of the plant is performed by Siemens Power Operations, Inc. (SPOI), a wholly owned subsidiary of Siemens AG. Fuel supply is covered by a 22-year Gas Supply Purchase Agreement (GSPA) with the Malampaya consortium consisting of Shell, Chevron Texaco and Philippine National Oil Company - Exploration Corporation. The gas seller consortium extracts natural gas from the Malampaya field pursuant to the terms of North West Palawan Service Contract No. 38, which was concluded with the Government in December 1990.
The Santa Rita plant commenced commercial operations in August 2000 and initially ran on liquid fuel, with conversion to natural gas operations in January 2002 when gas from the Malampaya field became available. Santa Rita sells electricity to the Manila Electric Company (Meralco) under a 25-year Power Purchase Agreement (PPA).