NATURAL GAS is one of the world's fastest developing fuel sources. It is the cleanest of all fossil fuels, and one of the most energy efficient. The use of GAS worldwide accounts for over one fifth of all primary energy consumption. As a result, 1,500 MW of capacity will be developed through Napocor by the Philippine government and the next 1,500 will be developed by Meralco.Meralco has assigned its rights of its capacity allocation to First Philippine Holdings Corporation and BG plc.First Gas Holdings Corporation (FGHC) is responsible for handling all the Gas power projects under the wing of the First Philippine Holdings Corporation and Lopez Inc.FGHC is a joint venture company owned by First Philippine Holdings Corporation (51%), BG Asia Pacific (40%) and Meralco Pension Fund (9%). FGHC currently has two power projects, the 1,000 MW First Gas Power Corporation (Sta. Rita) and the 500 MW FGP Corp. (San Lorenzo Project), both of which are located at Sta. Rita Batangas.
NATURAL GAS is one of the world's fastest developing fuel sources. It is the cleanest of all fossil fuels, and one of the most energy efficient. The use of GAS worldwide accounts for over one fifth of all primary energy consumption. As a result, 1,500 MW of capacity will be developed through Napocor by the Philippine government and the next 1,500 will be developed by Meralco.Meralco has assigned its rights of its capacity allocation to First Philippine Holdings Corporation and BG plc.First Gas Holdings Corporation (FGHC) is responsible for handling all the Gas power projects under the wing of the First Philippine Holdings Corporation and Lopez Inc.FGHC is a joint venture company owned by First Philippine Holdings Corporation (51%), BG Asia Pacific (40%) and Meralco Pension Fund (9%). FGHC currently has two power projects, the 1,000 MW First Gas Power Corporation (Sta. Rita) and the 500 MW FGP Corp. (San Lorenzo Project), both of which are located at Sta. Rita Batangas.
NATURAL GAS is one of the world's fastest developing fuel sources. It is the cleanest of all fossil fuels, and one of the most energy efficient. The use of GAS worldwide accounts for over one fifth of all primary energy consumption. As a result, 1,500 MW of capacity will be developed through Napocor by the Philippine government and the next 1,500 will be developed by Meralco.Meralco has assigned its rights of its capacity allocation to First Philippine Holdings Corporation and BG plc.First Gas Holdings Corporation (FGHC) is responsible for handling all the Gas power projects under the wing of the First Philippine Holdings Corporation and Lopez Inc.FGHC is a joint venture company owned by First Philippine Holdings Corporation (51%), BG Asia Pacific (40%) and Meralco Pension Fund (9%). FGHC currently has two power projects, the 1,000 MW First Gas Power Corporation (Sta. Rita) and the 500 MW FGP Corp. (San Lorenzo Project), both of which are located at Sta. Rita Batangas.