First Gen Corporation

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Santa Rita San Lorenzo Pantabangan/Masiway Bauang Agusan Renewables

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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 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.

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PSE: FGEN
Open	11.50
High	11.75
Low	11.50
Close	11.75
Change	+0.25 (2.17%)
52-Week High	70.50
52-Week Low	10.75
Volume (shares)	448,200
As of 12/03/2008 12:10 PM

PHILIPPINE STAR: EDC Inks P4.1-B IFC Loan
Nov 26, 2008
The Lopez-controlled Energy Development Corp. has signed a P4.1-billion loan with International Finance Corp. (IFC), the private sector arm of the World Bank group.

First Gen 3Q08 Net Income at USD35.6 Million
Nov 17, 2008
First Gen Corporation (First Gen) reported lower profits in the third quarter of 2008 with net income attributable to parent of USD35.6 million, down by 64.1 percent compared to the net income for the same period in 2007 of USD99.1 million.

PHILIPPINE STAR: First Gen inks USD544-M loan for maturing obligations
Nov 12, 2008
First Gas Power Corp. has signed a USD544 million syndicated loan to refinance its maturing obligations.

BUSINESSMIRROR: Marubeni-led Group May Buy Into Red Vulcan
Oct 22, 2008
Japanese-owned Marubeni Corp. said Wednesday it has inked an agreement with First Gen Corp. to "seriously consider" investing up to 40 percent in Red Vulcan Holdings Corp. along with other investing firms.

PRESS STATEMENT: First Gen Completes Sale of 60% of 112MW Pantabangan-Masiway Hydro Plant
Oct 16, 2008
On October 15, 2008, the board of directors of First Gen Corporation approved the sale of 60% of First Gen Hydro Power Corporation to Energy Development Corporation.