Filinvest Development Corporation’s (FDC) net income attributable to equity holders of the parent company grew by 41 percent to ₱5.5 billion in the first half of 2024 from ₱3.9 billion in the same period last year. For the second quarter, net income grew by 46 percent to ₱2.6 billion from ₱1.8 billion in the same period in 2023. The growth was driven mainly by the banking, power, and property businesses.
Tag: Filinvest Power
BOI grants green lane certificate to Filinvest’s Php4.8-B hydroelectric power project in Pangasinan and Nueva Vizcaya
The Philippine Board of Investments (BOI) has awarded the Green Lane Certificate of Endorsement to the 33.400 MW Pampang Hydroelectric Power Project of FDC Renewables Corporation (FDC Renewables) utilizing a run-of-river hydro scheme. This Project, which is identified as a Strategic Investment pursuant to E.O. 18, straddles along the municipalities of Santa Fe, Nueva Vizcaya, and San Nicolas, Pangasinan.
Filinvest’s flagship project achieves 8 million safe man-hours
In an industry where safety is paramount, achieving significant milestones is not just a cause for celebration; it is a testament to the dedication and commitment of every individual involved. Filinvest’s flagship power project, the FDC Misamis Power Corporation 3×135 MW Baseload Thermal Power Plant in Villanueva, Misamis Oriental, a leading energy player in the Mindanao region, reached a remarkable feat, clocking in 8 million safe man-hours without any lost-time incidents since its commercial operations in 2016.