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First Gen Corporation

Company Description
First Gen Corporation (FGEN) was incorporated and registered with the Securities and Exchange Commission on December 22, 1998. FGEN and its subsidiaries are involved in the power generation business. FGEN is the largest clean and renewable Independent Power Producer in the Philippines, with a total installed capacity of 3,492 MW as of December 31, 2019.

The Company owns power plants which utilize natural gas, geothermal, wind, hydro and solar power, all of which are operational and majority-owned and controlled by FGEN through its subsidiaries. These subsidiaries include, among others, First Gas Power Corporation, FGP Corp., First Gen Hydro Power Corporation, First Gen Energy Solutions, Inc., First NatGas Power Corp., Prime Meridian Powergen Corporation, FG Bukidnon Power Corporation, and Energy Development Corporation.

As of December 31, 2019, First Philippine Holdings Corporation directly and indirectly owns 67.59% and 66.98%, respectively, of the common shares of FGEN and 100% of FGEN's voting preferred shares. Lopez, Inc. is the ultimate parent company of FGEN.

Source: SEC Form 17-A (2019)
Security Information
Sector Industrial
Subsector Electricity, Energy, Power & Water
Corporate Life 50
Incorporation Date Dec 22, 1998
Number of Directors 9
Stockholders' Meeting as per By-Laws Per By-Laws: May - second Wednesday except holidays; For 2011: 11 May 2011, Record Date: 30 March 2011, Circ. No. 2609-2011
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent BDO Unibank, Inc. - Trust and Investments Group
Contact Information
Business Address 6F Rockwell Business Center, Tower 3, Ortigas Avenue, Pasig City, 1604
E-mail Address rrhernandez@firstgen.com.ph
Telephone Number (632) 3449-6400
Fax Number (632) 8997-5624
Website http://www.firstgen.com.ph