First Gen Corporation (First Gen) is the primary holding company for power generation and energy-related businesses of First Philippine Holdings Corporation (FPH). Founded in 1993 and based in Pasig, the Philippines, First Gen is one of the country’s largest Independent Power Producers (IPP) with a total installed capacity of 3,495.2 megawatts (MW).
First Gen’s power portfolio is currently composed of 30 operational power plants strategically located in all three main island grids of the Philippines. First Gen has the largest portfolio of power plants that use clean, renewable, and indigenous fuels such as steam, water, wind, solar, and natural gas. First Gen uses natural gas, geothermal, hydro, solar, and wind power plants to generate electricity.
The company’s main activities encompass power generation, power distribution, infrastructure, manufacturing, and property development. First Gen operates power generation plants, predominantly contracted for sale under long-term power purchase agreements or other energy sales agreements, with a portfolio including natural gas-fired power plants, hydroelectric power plants, and geothermal power plants. It serves a wide range of customers across various industries in the Philippines, providing electricity generated from diverse energy sources such as natural gas, hydro, geothermal steam, wind, and solar.
First Gen’s segments include First Gas Power Corporation (FGPC), which operates the 1,000 megawatts (MW) Santa Rita natural gas-fired power plant; FGP Corp. (FGP), which operates the 500 MW San Lorenzo natural gas-fired power plant; First NatGas Power Corp. (FNPC), which operates the 420 MW San Gabriel natural gas-fired power flex plant; Prime Meridian PowerGen Corporation (PMPC), which operates the 97 MW Avion natural gas-fired power plant; Energy Development Corporation (EDC) with an aggregate installed capacity of approximately 1,343.8 MW; and First Gen Hydro Power Corporation (FG Hydro), which operates the 132.810 MW Pantabangan-Masiway hydroelectric power plants.
First Gen Corporation, a major clean energy company in the Philippines owned by the Lopez Group, earned Php8.7 billion in profit during the first six
Kansai Electric Power Co., Inc. (KANSAI), a major power company from Japan, has announced that it will invest in a big clean energy project in
First Gen Corporation, a major clean energy company in the Philippines under the Lopez Group, earned Php3.6 billion in the first three months of 2026.
First Gen Corporation (PSE: FGEN) has obtained standby letters of credit (SBLCs) worth a total of PHP 24.75 billion from BDO Unibank, Inc., according to
First Gen Corporation, a big company in the Philippines that makes electricity from clean energy sources, earned more money in 2025 compared to 2024. Think
