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Manila Bulletin devider Business devider The Stock Market devider First Philippine Holdings bets big on power, property with ₱57-billion investment plan

First Philippine Holdings bets big on power, property with ₱57-billion investment plan

Published Jun 2, 2025 12:00 am
Lopez-led First Philippine Holdings Corporation (FPH) is focusing on the growth of its power generation and real estate businesses, which are being allocated the bulk of the group’s planned investments amounting to ₱57 billion this year.
On the sidelines of the firm’s annual stockholders’ meeting, FPH Chief Finance Officer and Treasurer Emmanuel Antonio P. Singson said power subsidiary First Gen Corporation will get the lion’s share of $600 million or about ₱33 billion.
“That’s primarily for EDC (geothermal firm Energy Development Corporation), and they’ll fund it through debt at the EDC level. They’re planning to borrow about ₱27 billion in 2025,” he said.
Singson said Rockwell Land and First Philippine Industrial Park will get a combined share of ₱22 billion which the subsidiaries will also finance through debt at their level.
“There is no debt nor is there going to be any fundraising at the parent company of FPH level. The subsidiaries will be able to finance it through their own leverage,” he added noting that these will be sourced from bank debts, bilateral or syndicated club loans.
FPH President Francis Giles Puno said that, “At the end of 2024, our total assets consisted of only 28 percent gas investments, with the balance 72 percent investments on renewable energy.
“In 2025 we forecast that the percent composition of gas on our total assets will further decline, emphasizing our dedication to building our renewable energy portfolio.”
Meanwhile, Rockwell, with its recent handovers, launches and a robust pipeline of projects, continues to broaden its reach while upholding the quality and design excellence it is known for, positioning itself for sustained growth in the years ahead.
FPIP stands as the preferred investment hub for world-class manufacturers. Home to over 150 locators and 80,000 Filipino workers, FPIP welcomed exciting new expansions in 2024, including Dyson’s Global Development Center and Collins Aerospace’s expanded aircraft seating module production.
“FPIP caters to what is arguably the best ecosystem of world-class locators in the country, and continues to remain faithful to its mission of building industries, creating value-add jobs and nurturing thriving communities,” Puno said.

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First Philippine Holdings Corporation Francis Giles Puno Emmanuel Antonio P. Singson
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