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.
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 sugar industry, the Filinvest Group, through FDCUI, attempts to diversify its business and further its reach to make an impact on the infrastructure and 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 in 1998 until 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) Coal Thermal Plant located in PHIVIDEC Industrial Estate, Villanueva, Misamis Oriental. The power plant has a combined capacity of 405 MW and uses 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 committed to empowering communities by providing reliable and affordable electricity all over the country while enhancing synergy among the subsidiaries of the Filinvest Group.