First Gen Corp. has signed an agreement with Nippon Sanso Ingasco Group (NSIG), a subsidiary of Japan’s industrial gas giant Nippon Sanso Holdings, to provide power to NSIG’s manufacturing facility in Mindanao. The deal requires First Gen to supply 2.6 megawatts (MW) of electricity from its geothermal power plant in North Cotabato to NSIG’s gas facility in Tagoloan, Misamis Oriental.
The financial terms were undisclosed but the agreement was structured under Retail Competition Open Access (RCOA) which allows large customers like NSIG to directly purchase electricity from retail suppliers, bypassing local utilities.
This partnership is part of NSIG’s sustainability strategy, with the company aiming for carbon neutrality by 2050. The use of 100 percent renewable energy (RE) for its Mindanao operations marks a significant milestone in this environmental commitment, according to NSIG president Takenori Kawachino.
First Gen, a leader in renewable energy, operates 3,668 MW across 32 facilities, including geothermal, hydro, solar, wind, and natural gas plants. The company plans to expand its capacity to 13,000 MW by 2030, with up to $20 billion in investments. This collaboration highlights the increasing demand for sustainable energy solutions in industrial sectors, aligning both companies with global sustainability trends.
