First Gen Corp - Company Profile
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Business Description
First Gen Corp (First Gen), a subsidiary of First Philippine Holding Corporation, is an electric power producer and distributor. The company along with subsidiaries carries out the power generation business activities. First Gen, through its operating subsidiaries, holds interests in natural gas-fired power plants, hydroelectric power plants and geothermal power plants. The company has an installed capacity of 3,501.4 MW. As of December 2022, the company generated a total power of 22,352.4 GWh.
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Business Segments
Overview
Owns and operates Pantabangan-Masiway Hydroelectric Plant (PAHEP/MAHEP) in Nueva Ecija and Agusan run-of-river power plant at Cagayan de Oro City in Northern Mindanao. - First Gen has a 40% direct interest.
Performance
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Overview
Owns and operates natural gas-fired San Lorenzo power plant that utilizes Siemens v84.3A gas turbines, located west of Santa Rita plant. - It also uses condensate distillate and naphtha as back-up fuel supply in absence of gas.
Performance
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Overview
Owns and operates combined cycle, natural gas-fired Santa Rita plant. - It utilizes Siemens v84.3A gas turbines that is located in the First Gen Clean Energy Complex in Batangas City, Philippines.
Performance
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Overview
Owns and operates geothermal power plants in the Bicol Region, North Cotabato, Negros Oriental and West Leyte. It holds service contracts with the Department of Energy related to geothermal contract areas which provides EDC exclusive rights to explore, develop and utilize the corresponding resources in the relevant contract area.
Performance
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Overview
Owns and operates San Gabriel power plant the most efficient natural gas-fired plant in Southeast Asia.
Performance
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Overview
Owns and Operates Avion open-cycle natural gas-fired power plant, in Batangas city. - It uses two units of General Electric’s LM6000 PC Sprint aero-derivative gas turbines to run on aircraft engines for land-based power generation application.
Performance
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Performance
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