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).

First Gen owns 60 percent of FGPC while BGEH, a wholly owned subsidiary of the BG Group, owns the remaining 40 percent. BG Group is a leading player in the global energy market, with operations in 20 countries over five continents. It is also publicly listed on the London and New York Stock Exchange.

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. (SPO), 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 Meralco under a 25-year Power Purchase Agreement (PPA).