First Philippine Holdings Corporation (FPH; formerly Meralco Securities Corporation) is a management and investment company whose major business is power generation and distribution, including strategic initiatives in manufacturing and property development. Founded by Eugenio López Sr. in 1961 to acquire the securities of Meralco from the American-owned General Public Utilities, the FPH is a member of the Lopez Group of Companies.
Its power generation subsidiary, First Gen Corporation (First Gen), is a renewable energy producer, with power plants that use geothermal, hydro, and natural gas for fuel. Today, it has a total installed capacity of 2,832.6 MW, or 18.2% of the country's total installed capacity. First Gen manages the world's second largest geothermal power producer, Energy Development Corporation, which searches for indigenous, low-carbon energy alternatives.
FPH's manufacturing subsidiary, First Philippine Electric Corporation (First Philec), operates the country's first large-scale silicon wafer-slicing facility called First Philec Solar Corporation (FPSC), which supplies some of the world's photovoltaic companies. FPSC is a joint venture of First Philec and SunPower Corporation, in the solar industry.
First Holdings has strategic investments in property through Rockwell Land Corporation and First Philippine Industrial Park. The project is a joint venture with Sumitomo Corporation.
FPH maintains its corporate headquarters at Rockwell Business Center Tower 3 in Ortigas Center at Pasig, Philippines.
References
Further reading
Añonuevo, E. P. (2008) First Philec set to serve solar energy industry, inaugurates wafer-slicing plant Retrieved January 5, 2008 Colayaco, M.T. (1991). The cornerstone: The story of the First Philippine Holdings Corporation. Pasig: First Philippine Holdings Corporation. Energy Development Corporation (2009). PNOC Board of Directors Retrieved January 26, 2008 First Philippine Holdings Corporation. (2007). Annual report Retrieved November 24, 2008 First Philippine Holdings Corporation. (2006). Forty-five/fortified: 2006 Annual Report. First Philippine Holdings Corporation. (2005). Delivering on commitments: 2005 Annual Report. First Philippine Holdings Corporation. (2004). Philippines First: 2004 Annual Report. First Philippine Holdings Corporation. (2003). Eye on excellence: 2003 Annual Report. First Philippine Holdings Corporation. (2002). We continue to create: 2002 Annual Report. First Philippine Holdings Corporation. (2001). Annual report. First Philippine Holdings Corporation. (2000). Annual report. Koppisch, J. (2008). Special report: 48 heroes of philanthropy Retrieved December 15, 2008 Lopez Group. Lopez Link, a monthly publication of the Lopez Group Rodrigo, R. (2001). Firebringer: Forty years of First Philippine Holdings 1961–2001. Pasig: Eugenio Lopez Foundation, Inc. Tanglaw. (2008) Tollways Management Corporation. (2008). Operation and maintenance of SCTEX awarded to joint venture group Retrieved January 4, 2008 Oscar M. Lopez on turning 80 years old Oscar M. Lopez timeline: Living life well International Association of Business Communicators (IABC) Philippines 2010 Lifetime Achievement Award in Communication Excellence in Organizations Oscar M. Lopez Oscar M. Lopez 2009 The Outstanding Filipinos (TOFIL) Awardee for Business