What We Do
First Gen is a player in the energy industry with 31 operating power plants strategically positioned in each of the three major island grids in the Philippines. The Company is one of the biggest Independent Power Producers (IPP) in the nation with a total installed capacity of 3,501.4 megawatts (MW).
First Philippine Holdings Corporation (FPH), one of the largest and oldest conglomerates in the Philippines, is the majority shareholder of First Gen. FPH has significant investments in power generation, real estate, manufacturing, construction, and engineering.
First Gen’s power facilities produce electricity using a variety of fuels and renewable resources, including natural gas, geothermal steam, hydroelectricity, wind, and solar energy. The electricity generated is primarily sold to privately-owned distribution utilities (DU) such as Meralco, National Power Corporation (NPC), electric cooperatives, large commercial and industrial clients through its Retail Electricity Suppliers (RES), the National Grid Corporation of the Philippines (NGCP), under long-term Power Purchase Agreements (PPAs), Power Supply Agreements (PSAs), Power Supply Contracts (PSCs), Feed-In Tariff (FiT), Ancillary Service Procurement Agreements (ASPA), and the Wholesale Electricity Spot Market (WESM). Thereafter, distribution services and transmission lines deliver the electricity to customers.
First Gen's Energy Value Chain
First Gen Total Power Generated (GWh)
Portfolio of Assets
The Philippine Power Industry in Numbers
Currently, First Gen exclusively serves the Philippine market. There are 357 power stations in the nation as of November 2022, totaling 28,358 MW of generating capacity. As of 31 December 2022, there are 119 retail power suppliers and 3,089 customers in the Luzon and Visayas region who are eligible for contestability. We present the important details of the Philippine Power Industry to put First Gen’s national contribution and the available opportunities into Context.