About Us
In December 2009, the Filinvest Development Corporation incorporated FDC Utilities, Inc. as part of diversifying its business. FDCUI is focused on power generation projects across the Philippines. The company intends to aggressively expand its power generation portfolio.
Corporate Profile
Harnessing Energy. Empowering Communities.
FDC Utilities, Inc. (FDCUI) is a subsidiary of the Filinvest Development Corporation (FDC) 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 the sugar industry, the Filinvest Group, through FDCUI, seeks to diversify its business and expand its reach to make an impact in the utility sector.
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 from 1998 to 2000. Backed by this experience and a strong management team with a proven track record, FDCUI is headed by its President and Chief Executive Officer, Juan Eugenio L. Roxas.
The firm successfully developed the FDC Misamis 3 x 135 MW Circulating Fluidized Bed (CFB) Thermal Power Plant located in PHIVIDEC Industrial Estate, Villanueva, Misamis Oriental. The power plant has a combined capacity of 405 MW and employs the latest clean-coal technology. CFB is known for having higher steam generator efficiency, thus lowering carbon emissions. FDC Misamis was inaugurated by President Rodrigo R. Duterte last September 22, 2016, and is the first power plant commissioned under his administration. It played a significant role in stabilizing the Mindanao grid, ending the recurring power crisis that has afflicted the region for decades.
FDCUI is also in the retail electricity supply business through its subsidiary, FDC Retail Electricity Sales Corporation (FDC RES). Registered with the Securities and Exchange Commission (SEC) in November 2009, FDC RES is committed to exploring viable supply options offering reliable, secure, and cost-effective power to Contestable Customers.
In 2018, FDCUI signed a joint venture agreement with ENGIE Services Philippines to establish the Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) to pursue solar energy projects. FREE’s flagship project is the 2.8MWp solar rooftop solution at Festival Supermall in Alabang, which started commercial operations in December 2021.
Another subsidiary, FDC Green Energy Corp., is constructing Filinvest’s first large-scale solar farm within the PHIVIDEC Industrial Estate, in the same complex as the thermal power plant, with a capacity of 20.75 MW. The facility is expected to generate approximately 30,450 megawatt-hours of clean energy annually.
Apart from solar energy, the company is also pursuing the development of the 33.40 MW Pampang Hydroelectric Power Project under FDC Renewables Corporation, which was awarded by the Philippine Board of Investments (BOI) the Green Lane Certificate of Endorsement, having been identified as a strategic investment that will substantially contribute to addressing the energy supply gap in Luzon.
FDCUI is also involved in sustainable water space through its subsidiary, FDC Water Utilities, Inc. The company is engaged in the general business of operating, managing, maintaining, and rehabilitating waterworks, sewage, and sanitation systems, including the distribution, supply, and sale of potable water.
FDCUI’s overall strategic goal is to achieve sustained growth by developing multiple power generation and water supply projects to contribute to the Philippines’ energy and water security.