Harnessing Energy. Empowering Communities.
FDC Utilities, Inc. (FDCUI), a wholly-owned subsidiary of the Filinvest Development Corporation, is committed to continuing the Gotianun tradition of making a difference in the lives of Filipinos. As one of the Philippines’ leading conglomerates, with significant investments, experience and expertise in real estate, banking, hospitality and sugar, the Filinvest Group attempts to diversify its businesses and further its reach through FDCUI to make an impact on a very critical sector: infrastructure and utilities.
FDCUI is the Filinvest Group’s re-entry into the power market. The Filinvest Group has accumulated experience in the power industry since 1995 through the ownership of East Asia Power Corporation and, eventually, the Cebu Private Power Corporation in 1998 until 2000. Backed by this experience along with a strong management team with a proven track record, FDCUI is headed by its Chairman and Chief Executive Officer, Jesus N. Alcordo, with Mario R. Pangilinan as President and Chief Operating Officer.
FDCUI aims to bring electricity and water to potential growth circles in the Philippines. It aims to spur or further enhance development in communities all over the country while enhancing synergy among the subsidiaries of the Filinvest Group.
The company aims to put up multiple power generation projects in the next five years across the Philippines. FDCUI is presently prioritizing the biggest power project in Mindanao, the 405MW FDC Misamis power plant.
FDCUI was also awarded a 40MW independent power producer administrator contract for Unified Leyte’s geothermal power plant’s contracted capacity. It also recently won the bidding for the right to manage around 100MW from the Mt. Apo geothermal plants.
The company continues to explore other power projects in the Philippines.
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