Our Company

First Gen Corporation (First Gen) is the leading clean and renewable energy company in the Philippines with an installed capacity of  3,047.4megawatts (MW). It accounts for approximately 20 percent 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 the power generation industry in 1993 through its first major investment in power generation, Bauang Private Power Corporation (BPPC).

First Gen's assets comprise the 1000-MW Santa Rita and 500-MW San Lorenzo natural gas-fired power plants, the 225-MW Bauang medium-speed bunker-fired diesel power plant, the 112-MW Pantabangan-Masiway Hydroelectric Complex, and the 1.6-MW Agusan mini-hydro power plant. In November 2007, First Gen acquired a 60 percent controlling stake in Philippine National Oil Company - Energy Development Corporation (PNOC-EDC), now known as Energy Development Corporation (EDC). In September 2009, First Gen affiliate EDC, through its  indirect wholly owned subsidiary Green Core Geothermal Inc., won the PSALM bidding for the 192.5-MW Palinpinon and 112.5-MW Tongonan geothermal power plants  for US$ 220 million. On October 23, 2009, Green Core formally acquired these two plants. Green Core paid US$ 88 million or 40% of the purchase price, upon turnover of the plants. The remaining US$ 132 million plus interest was paid on December 15, 2009. On May 5, 2010, EDC subsidiary Bac-Man Geothermal Inc. won the PSALM bidding for the 150-MW Bacon-Manito geothermal power plants in Bicol.

First Gen ranked 12th in gross revenues and 24th in net income among BusinessWorld's Top 1000 Corporations in the Philippines (with consolidated financial statements) in 2008.

As a world-class energy company, First Gen's Management System was granted an ISO 9001:2000 (Quality Management) certification in 2004.