First Gen Corp (FGEN)

16.86 -0.30 (-1.75%)
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First Gen Corp Company Profile

Equity Type
First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines. It operates through FGPC, FGP, FNPC, Prime Meridian, EDC and Subsidiaries, and FG Hydro segments. The FGPC segment operates Santa Rita, a 1,000 MW combined cycle, natural gas-fired power plant. The FGP segment operates San Lorenzo, a 500 MW combined cycle, natural gas-fired power plant. The FNPC segment owns and operates San Gabriel plant, a 420 MW natural gas-fired power plant. The Prime Meridian segment owns and operates Avion plant, a 97 MW open-cycle natural gas-fired power plant. The EDC and Subsidiaries segment holds service contracts with the Department of Energy to explore, develop, and utilize the resources in the relevant 10 geothermal contract areas. This segment owns and operates 588.4 MW Unified Leyte geothermal power plants; 172.5 MW Palinpinon geothermal power plants; 140.0 MW Bac-Man geothermal power plants; 123.0 MW Tongonan geothermal power plant; 106.0 MW Mindanao geothermal power plants; 49.4 MW Nasulo geothermal power plant; 150 MW Burgos Wind Energy project; 6.82 MW Burgos Solar Energy project; and 5.17 MW Solar Rooftop projects. The FG Hydro segment operates Pantabangan-Masiway, a 132 MW Hydroelectric Plant. It sells its electricity to Manila Electric Company, National Power Corporation, electric cooperatives, privately-owned distribution utilities, large industrial clients, and National Grid Corporation of the Philippines. As of December 31, 2021, the company had an installed capacity of 3,495 megawatts (MW). First Gen Corporation was incorporated in 1998 and is based in Pasig, the Philippines. First Gen Corporation is a subsidiary of First Philippine Holdings Corporation.
Contact Information
Tower 3 Ortigas Avenue Pasig,1604 Philippines
63 2 3449 6400
63 2 8637 8366
Top Executives
Federico R. Lopez 60 1998 Chairman & CEO
Francis Giles B. Puno 57 2000 President, COO & Executive Director
Oscar Moreno Lopez 91 1998 Chairman Emeritus
Mario Luza Bautista 68 2022 Senior Board Adviser
Richard Raymond-Baltasr Tantoco 56 2005 Executive VP & Executive Director
Cielito Filipino Habito 69 2016 Lead Independent Director
Edgar O. Chua 66 2021 Independent Director
Alicia Rita-L Morales 60 2018 Independent Director
Eugenio L. Lopez 70 2009 Director
Manolo Michael T. De Guzman 53 2022 Director
Manuel L. Lopez 55 2020 Director
Elvira Lopez Bautista 62 2021 Director
Rafael L. Lopez 70 2022 Director
David Simon Luboff 45 0000 Senior Board Advisor
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