First Private Power Corporation
First Private Power Corporation (FPPC) is the lead company of First Holdings in the development of non-gas power generation projects. FPPC was established for the sole purpose of engaging in power generation as an independent private power producer.
FPPC was incorporated as a consortium venture among the Manila Electric Company (Meralco), First Philippine Holdings Corporation, JG Summit Holdings, Inc., and the PCI Capital Corporation (of the PCI Bank Group)
FPPC was established for the sole purpose of engaging in power generation as an independent private power producer. Since FPPC intends to undertake a number of generating projects, FPPC incorporated Bauang Private Power Corporation (BPPC) was established as a subsidiary for constructing and operating on a Build-Operate-Transfer (BOT) basis a 195 MW (later increased to 225 MW) power plant.
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for more information on BPPC.
An affiliate of BPPC is the Panay Power Corporation (PPC), owner and operator of the 72 MW Diesel Power Plant in Bgy. Ingore, La Paz Iloilo City. The plant was inaugurated in 28 November 1998 by no less than Philippine President Joseph Estrada.
PPC started producing power approximately 12 months after groundbreaking, indicating its sincere commitment to meet the needs of the government's fast track program. PPC is the sole supplier of bulk power to Iloilo City and supplies power at a cost below rates. In addition, PPC is one of the few diesel power plants with operational De Sox facilities.
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for more information on PPC.
FPPC is preparing for the privatization of NPC’s power generation assets by seeking out strong alliances with globally respected power companies. The company is also studying other investment opportunities in modular co-generation for industrial parks, oil refinery and power plant projects and waste-to-energy projects.
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