2015 Annual Report

Messages

First Gen and its subsidiaries will also continue to develop other renewable energy projects such as Bubunawan, Puyo, and Tagoloan for runof-river hydro, and a few wind and solar projects covered by energy service contracts that are under feasibility study. Our aim is to continue boosting our country’s capacity of plants from clean energy sources wherever they’re available to bring the Philippines closer to achieving its COP 21 commitment of a 70 percent reduction in carbon emissions from business-as-usual.

On the other hand, natural gas power plants, which emit only 50 percent the CO 2 of coal-fired power plants per kilowatt-hour, have a special role to play, bridging the Philippines toward a decarbonized future. Our 1,500-MW Sta. Rita and San Lorenzo, 414-MW San Gabriel, 97-MW Avion, and the planned 414-MW Sta. Maria and 414-MW St. Joseph Plants will provide the necessary scale and anchor load for what could be the country’s first liquefied natural gas (LNG) import terminal by 2022. We’re quite enthusiastic about this project as it will enable the Philippines to have scalable, lower carbon alternatives to imported coal for its future power needs.

We are setting a higher bar for ourselves but for us it cannot be any other way. We will help power our nation’s growth ambitions yet do it in a way that recognizes the need to assure a livable Philippines and a livable planet. I believe the pioneering entrepreneurial spirit to accomplish this is alive and well at First Gen and the Lopez Group. It is something we have done in the past and it is something we will, with certainty, do again. Times may be tough but we are a group that shines when faced with a combination of adversity and purpose. We have the opportunity to address one of the most pressing needs of our times. We cannot ask for more. Thank you and we wish for your continued support on what promises to be an exciting and resolute journey.

 

 

Related Link: 2015 ASM Chairman’s Message Presentation

Pages: 1 2 3 4 5

First Gen and its subsidiaries will also continue to develop other renewable energy projects such as Bubunawan, Puyo, and Tagoloan for runof-river hydro, and a few wind and solar projects covered by energy service contracts that are under feasibility study. Our aim is to continue boosting our country’s capacity of plants from clean energy sources wherever they’re available to bring the Philippines closer to achieving its COP 21 commitment of a 70 percent reduction in carbon emissions from business-as-usual.

On the other hand, natural gas power plants, which emit only 50 percent the CO 2 of coal-fired power plants per kilowatt-hour, have a special role to play, bridging the Philippines toward a decarbonized future. Our 1,500-MW Sta. Rita and San Lorenzo, 414-MW San Gabriel, 97-MW Avion, and the planned 414-MW Sta. Maria and 414-MW St. Joseph Plants will provide the necessary scale and anchor load for what could be the country’s first liquefied natural gas (LNG) import terminal by 2022. We’re quite enthusiastic about this project as it will enable the Philippines to have scalable, lower carbon alternatives to imported coal for its future power needs.

We are setting a higher bar for ourselves but for us it cannot be any other way. We will help power our nation’s growth ambitions yet do it in a way that recognizes the need to assure a livable Philippines and a livable planet. I believe the pioneering entrepreneurial spirit to accomplish this is alive and well at First Gen and the Lopez Group. It is something we have done in the past and it is something we will, with certainty, do again. Times may be tough but we are a group that shines when faced with a combination of adversity and purpose. We have the opportunity to address one of the most pressing needs of our times. We cannot ask for more. Thank you and we wish for your continued support on what promises to be an exciting and resolute journey.

 

 

Related Link: 2015 ASM Chairman’s Message Presentation

Pages: 1 2 3 4 5