2016 ANNUAL REPORT

DIVERSIFIED PORTFOLIO OF CLEAN POWER PLANTS

First Gen has the largest portfolio of power plants that use clean, renewable, and indigenous fuels such as steam, water, wind, solar, and natural gas. The Company’s subsidiary, Energy Development Corporation (EDC), is the largest producer of geothermal energy in the Philippines.
First Gen’s plants are present in all three grids of the Philippines and can serve the baseload, mid-merit, and peaking market segments.

A STRONG MAJORITY SHAREHOLDER

First Gen’s majority shareholder, First Philippine Holdings Corporation (FPH), is a 55-year old Philippine corporation that is among the strongest and largest conglomerates in the Philippines.
FPH is one of the core holding companies of the Lopez Group of Companies. This relationship allows First Gen to draw on the extensive business network and the in-depth local business knowledge and expertise of FPH and the Lopez Group.

ESTABLISHED RELATIONSHIPS WITH WORLD-CLASS PARTNERS

Through the development, construction, and operation of various power plants, the Company has benefited from the involvement of world-class project partners such as Siemens, Shell, Vestas, and Andritz, among others.

ENERGY SOLUTIONS PROVIDER

First Gen, through its wholly-owned subsidiary First Gen Energy Solutions, Inc. (FGES), is a full-service energy solutions provider that continues to grow its customer base and its market segments by delivering innovative solutions that are tailored to resolve energy concerns and add value to its customers’ businesses. FGES holds a Retail Electricity Supplier (RES) license and is a registered participant in the Wholesale Electricity Spot Market (WESM). Backed by First Gen’s portfolio of assets, FGES is the only RES in the Philippines with a 100.0 percent clean and green portfolio.