2016 ANNUAL REPORT

COMPLIANCE WITH INTERNATIONAL STANDARDS

Compliance with international standards shows First Gen’s commitment to harnessing clean and sustainable energy. FG Bukidnon was once again certified compliant with three (3) international standards in 2016. This includes the plant’s IMS, which covers Quality (ISO 9001:2008), Environment (ISO 14001:2004), and Health and Safety (OHSAS 18001:2007) Management Systems. The certificates were issued after TÜV SÜD PSB Philippines conducted an audit of the plant’s management, operations, and maintenance last January 13 to 15, 2016. In preparation for future audit changes that will align the power plant with world-class standards, FG Bukidnon expects to fully conform with new compliance standards by 2018.

NEW DEVELOPMENTS

In 2016, the company commenced multiple site investigations and preparatory works for its planned ROR hydroelectric plants in Mindanao. As a result, First Gen intends to start constructing the 32-MW Bubunawan Power Plant in late 2017.
Site preparatory works for the Bubunawan project are currently underway—as of December 2016, the company has completed the rehabilitation of a fivekilometer access road leading to the project’s powerhouse. It has likewise nearly completed one (1) out of the expected four (4) kilometers of new greenfield access roads to be constructed.
In parallel, the 33-MW Tagoloan and the 30-MW Puyo ROR hydro projects underwent confirmatory site investigations and social studies; these investigations and studies will be used as inputs for the targeted detailed engineering designs for the plants that will be undertaken in 2017.
In 2016, First Gen Mindanao Hydro Power Corporation (FGMHPC) received three (3) new Hydropower Service Contracts (HSC), namely the 175-MW Binongan- Tineg in Abra, the 160-MW Cagayan 1N in Bukidnon, and the 17.5-MW Cateel in Davao Oriental. These HSCs grant FGMHPC the rights to explore and develop these projects in the next three (3) to five (5) years, and utilize these hydropower resources for the next 25 years.
Green Mountain, a pump storage hydro project, likewise underwent confirmatory site investigations and environmental and social assessments in 2016. The results will be used in updating the feasibility study, which will be concluded in 2017.