FGEN secures geothermal deal to power pharma giant's logistics

First Gen Corp., the power generation arm of the Lopez family, expanded its renewable energy portfolio through a new supply agreement with Dyna Drug Corp., marking the latest move in the company’s push to grow its geothermal footprint.

The utility announced in a statement that it will deliver 145 kilowatts of geothermal energy to Dyna Drug, a major pharmaceutical wholesaler and distributor.

The clean power is earmarked for the company’s warehouse facilities in Pasig and Quezon City. Electricity for the contract will be drawn from the Bacon-Manito geothermal facility in the Bicol region. The plant is operated by Energy Development Corp., a subsidiary of First Gen and the country’s largest vertically integrated geothermal producer.

Dyna Drug Corporation is the leading wholesaler, distributor, and importer of pharmaceutical, cosmetic, and consumer goods in the Philippines, recognized for its commitment to serving independent drugstores.

First Gen-Energy Development Corporation (EDC) is the Lopez Group’s global and diversified renewable energy company. With over 40 years of pioneering sustainable practices, it is the Philippines’ leading 100% renewable energy producer with an installed capacity of 1,480.19 MW which accounts for about 20% of the country’s total installed RE capacity. With geothermal as its primary source of power, First Gen-EDC’s 1185.40 MW provides around 61% of the country’s total installed geothermal capacity.
​
First Gen Corporation (First Gen) is the primary holding company for power generation and energy-related businesses of First Philippine Holdings Corporation (FPH). First Gen, guided by its mission of forging collaborative pathways for a decarbonized and regenerative future, is a leader in providing clean and renewable energy. First Gen uses natural gas, geothermal, hydro, solar, and wind power plants to generate electricity. Its power portfolio is currently composed of 30 operational power plants strategically located in all three main island grids of the Philippines. It has a total installed capacity of 3,495.2 megawatts (MW), making it one of the country's largest Independent Power Producers (IPP).