EDC also operates a hydroelectric power plant through its 60-percent owned subsidiary, First Gen Hydro Power Corp
EDC's geothermal, wind and solar revenues accounted for $709 million, or 39 percent, while First Gen Hydro Power Corp
.'s (FG Hydro) revenue was $42 million or 2 percent of total consolidated revenue from sale of electricity.
Co., Therma Luzon Inc., Sem-Calaca Power Corp., FGP Corp., 1590 Energy Corp., AP Renewables, Inc., Bac-Man Energy Development Corp./Bac-Man Geothermal, Inc., First Gen Hydro Power Corp
., GNPower Mariveles Coal Plant, Ltd.
consueloae thrives at the Pantanbangan-Carranglan Watershed where the Pantabangan Hydroelectric Dam is located, and is currently operated by First Gen Hydro Power Corp
This was 23.2 percent lower than the $55.9 million booked in the same period in 2013 and was attributed to higher operating expenses and lower earnings booked by EDC, as well as the revenue adjustment of First Gen Hydro Power Corp
. (FG Hydro), due to the adjustment of energy spot market prices for November and December 2013 billings.
First Gen, the primary holding company for the power generation and energy-related businesses of the Lopez Group, attributed the income drop to lower income booked by subsidiary First Gen Hydro Power Corp
. due to reduced sales from ancillary or standby power services.
But First Gen Hydro Power Corp
. (FGHPC) said in a notice sent by e-mail to the Inquirer that it would continue supplying electricity to key institutions in the town, including its schools.
According to EDC, revenues from First Gen Hydro Power Corp
. (FGHPC) and Green Core Geothermal Inc.