2015 Annual Report

About First Gen

A FORMIDABLE MARKET PLAYER WITH A PROVEN TRACK RECORD

First Gen owns and operates 19 power plants across Luzon, Visayas, and Mindanao with 2,959 megawatts (MW) of capacity — 23 percent of the Philippines’ gross generation.

The company has a strong track record in developing, financing, building, bidding for, and operating power generation projects that have made First Gen into a leading Independent Power Producer (IPP) in the Philippines.

The Company has an established track record of developing and implementing projects that deliver robust and stable cash flow.

 

FINANCIAL PERFORMANCE

(in USD Thousands)

 

 

 

NATURAL GAS PIONEERS

The 1,000-MW Santa Rita and 500-MW San Lorenzo plants owned by First Gen constitute the country’s largest natural gas-fired power plants.

In 2014, two new natural gas-fired power plants, namely, the 97-MW Avion and the 414-MW San Gabriel, broke ground. Once completed, the Avion plant will be the first power plant in the Philippines to run on aero-derivative gas turbines while the San Gabriel plant is expected to be the most efficient natural gas-fired plant in Southeast Asia when it starts operating in 2016.

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A FORMIDABLE MARKET PLAYER WITH A PROVEN TRACK RECORD

First Gen owns and operates 19 power plants across Luzon, Visayas, and Mindanao with 2,959 megawatts (MW) of capacity — 23 percent of the Philippines’ gross generation.

The company has a strong track record in developing, financing, building, bidding for, and operating power generation projects that have made First Gen into a leading Independent Power Producer (IPP) in the Philippines.

The Company has an established track record of developing and implementing projects that deliver robust and stable cash flow.

 

FINANCIAL PERFORMANCE

(in USD Thousands)

 

 

 

NATURAL GAS PIONEERS

The 1,000-MW Santa Rita and 500-MW San Lorenzo plants owned by First Gen constitute the country’s largest natural gas-fired power plants.

In 2014, two new natural gas-fired power plants, namely, the 97-MW Avion and the 414-MW San Gabriel, broke ground. Once completed, the Avion plant will be the first power plant in the Philippines to run on aero-derivative gas turbines while the San Gabriel plant is expected to be the most efficient natural gas-fired plant in Southeast Asia when it starts operating in 2016.

Pages: 1 2