October 1, 2026
Global Renewable News

FIRST GEN
First Gen Group signs 15-Year Geothermal Supply Deals with 10 Visayas Cooperatives

October 1, 2026

Ten electric cooperatives across the Visayas will receive more than 24 MW of renewable baseload power from the First Gen Group under new 15-year Power Supply Agreements.

The participating cooperatives are Capiz Electric Cooperative Inc. (CAPELCO), Cebu I Electric Cooperative Inc. (CEBECO I), Cebu II Electric Cooperative Inc. (CEBECO II), Guimaras Electric Cooperative Inc. (GUIMELCO), Iloilo I Electric Cooperative Inc. (ILECO I), Iloilo II Electric Cooperative Inc. (ILECO II), Iloilo III Electric Cooperative Inc. (ILECO III), Negros Occidental Electric Cooperative Inc. (NOCECO), Negros Oriental I Electric Cooperative Inc. (NORECO), and Negros Oriental II Electric Cooperative Inc. (NORECO II).

The electricity will come from the Unified Leyte geothermal facilities, providing the cooperatives with a continuous source of indigenous renewable energy that is less exposed to global fuel price fluctuations.

The agreements were secured through the National Electrification Administration's Luzon and Visayas Electric Cooperatives Aggregation program, which pools electricity demand to give participating cooperatives greater buying power and access to competitive power supply arrangements.

Explore the Visayas geothermal deals

For more information

First Gen

www.firstgen.com.ph


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