First Philippine Electric Corporation (First Philec), a member of the Lopez Group, is the intermediate holding company of First Philippine Holdings Corporation (FPH) primarily for its manufacturing and technology related investments. Through First Philec, FPH intends to grow its investments in manufacturing to provide a more robust backbone to the country’s economy, one that is founded on technological competitiveness and increased ability to add value to products and manufacturing services for the global market. First Philec intends to achieve its growth by building on its core strength in manufacturing operations excellence. Using manufacturing at its core, it aims to engineer innovative industrial solutions. The subsidiaries housed in its Photovoltaics and Electrical Utilities Sectors have consistently been the leaders in their industries.
First Philec was officially registered with the Securities and Exchange Commission on July 8, 2004 to serve as an intermediate holding company for all manufacturing investments of its parent company, FPH.
FPH is one of the Philippines’ largest conglomerates with businesses in power generation, power distribution, real estate, and construction. It belongs to the group of companies under Lopez Holdings Corporation (LHC), the listed flagship of the Lopez Group of Companies. First Philec was mandated by its parent to grow manufacturing into one of the core businesses of FPH.
First Philec’s subsidiaries are grouped into two sectors: Photovoltaics (PV Solar) and Electrical Utilities, with both sectors pursuing parallel growth plans. The operating companies under the sectors offer products and services to the photovoltaic (PV) or “solar” industries and the electrical transmission and distribution (T&D) industry.