As the newest subsidiary of Filinvest Development Corporation (FDC), FDC Utilities, Inc. (FDCUI) is progressively re-entering the power generation market and also joins the water distribution and treatment market.
Since its incorporation in December 2009, FDCUI has been building its portfolio of clients for power generation and water distribution services in key growth circles in the country. To date, an Electric Power Purchase Agreement with Camarines Sur II Electric Cooperative, Inc. (CASURECO II) has been signed for a total of 40-megawatts (net of 32-MW) over a 25-year period. Also, a potential water desalination facility is being studied by the company to address water requirements of a key business district in the Visayas.
Presently, FDCUI is pursuing multiple power generation projects in Luzon, Visayas and Mindanao employing the latest in clean fuel technology with close to 40% of the total targeted capacity for the projects located in Mindanao. FDCUI is also in the process of evaluating a hydro power plant and mine mouth potential in Luzon. The company also plans to participate in the retail electricity market through its affiliate, FDC Retail Electricity Sales Corporation.