First Gen Corp 2017 AR2
The report highlights First Gen Corporation's financial and operational performance in 2017, emphasizing its commitment to clean and renewable energy. The company operated 27 power plants with 3,490 MW of installed capacity, contributing 21.1% of the Philippines' gross generation. Despite challenges from natural disasters, including an earthquake and a typhoon in Leyte, First Gen achieved a recurring net income of USD 163.3 million. Key achievements included the successful refinancing of First Gas Power Corporation's debt and the partial sale of Energy Development Corporation (EDC) shares to a consortium led by MIRA and Arran. Additionally, the company advanced its plans for the country's first liquefied natural gas (LNG) regasification terminal in Batangas.
Company: First Gen Corp
Sector: Utilities
Country: Philippines
Year: 2017
Type: AR2
Pages: 250
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First Gen Corp
Annual Report
The report highlights First Gen Corporation's financial and operational performance in 2017, emphasizing its commitment to clean and renewable energy. The company operated 27 power plants with 3,490 MW of installed capacity, contributing 21.1% of the Philippines' gross generation. Despite challenges from natural disasters, including an earthquake and a typhoon in Leyte, First Gen achieved a recurring net income of USD 163.3 million. Key achievements included the successful refinancing of First Gas Power Corporation's debt and the partial sale of Energy Development Corporation (EDC) shares to a consortium led by MIRA and Arran. Additionally, the company advanced its plans for the country's first liquefied natural gas (LNG) regasification terminal in Batangas.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available