Profile: First Gen Corporation (FGEN.PS)

First Gen Corporation (First Gen) is a Philippines-based company involved in power generation business. As of March 30, 2009, First Philippine Holdings Corporation (FPHC) held 68.6% interest in First Gen. The Company is the majority owned and controlled independent power producer in the Philippines, with installed capacity of 2,357.4 megawatts as of December 31, 2008. The Company is engaged in the business of power generation through its operating companies, including First Gas Power Corporation, which operates the 1000-megawatt Santa Rita power plant; FGP Corp., which operates the 500-megawatt San Lorenzo power plant; Bauang Private Power Corporation, which constructed and operates the 225-megawatt Bauang power plant; First Gen Hydro Power Corp., which operates the 112-megawatt Pantabangan-Masiway hydroelectric power plants, FG Bukidnon Power Corporation, which operates the 1.6 megawatts Agusan power plant, and Energy Development Corporation, a producer of geothermal energy.