First Gen secures geothermal power weals with telco, university
The renewable energy arm of the Lopez family secured new power supply agreements with Eastern Communications Philippines Inc. and the Lyceum of the Philippines University, expanding its footprint in the retail electricity market.
In a statement, First Gen Corp. said that its subsidiary, First Gen Energy Solutions Inc., will provide a combined 2,450 kilowatts of geothermal energy to the two entities.
The electricity is sourced from the Unified Leyte geothermal power plant complex, which spans Tongonan, Ormoc City, and Kananga in Leyte province.
Under the agreement with Eastern Communications, First Gen will supply 1,300 kilowatts to power the telecommunications firm’s corporate headquarters and technical operations centers. The deal was structured under the Retail Competition and Open Access program, a regulatory framework that allows large-scale electricity consumers to choose their own suppliers rather than relying on local distribution utilities.
Eastern Communications, which maintains a fiber network spanning 11,400 kilometers with 169 nodes across 77 cities, is seeking to stabilize its operational costs while reducing its environmental impact.
Aileen Regio and Jaeson Evangelista, co-coordinators of the telco, said the partnership aligns with a broader corporate effort to decrease the company’s carbon footprint.
Arlene Sy-Soriano, head of sales and engagement at First Gen, said that information and communication technology services require stable and reliable support systems. She noted that geothermal energy allows the telco to maintain operations with significantly lower carbon intensity.
In a separate deal, First Gen entered into a retail aggregation program with the Lyceum of the Philippines University to consolidate the power requirements of its regional campuses. The energy supplier will deliver 1,150 kilowatts to the university's facilities in Laguna and Batangas. The supply contract took effect earlier this week.
Peter Laurel, president of the university, said the shift to renewable energy is expected to improve cost-efficiency across its academic operations. He noted that the partnership reflects a long-standing relationship with the Lopez group and a shared vision for campus sustainability.
Carlo Vega, First Gen’s chief customer engagement officer, said the company is focusing on partners whose environmental values align with its own as the government continues to lower the threshold for retail competition eligibility. The move comes as Philippine corporations increasingly pivot toward renewable energy to meet ESG targets and hedge against volatile fossil fuel prices.