Araneta City, Inc., the company behind the 35-hectare Araneta City mixed-use property development in Cubao, Quezon City, has expanded its partnership with the First Gen Group, the country’s leading renewable energy (RE) producer, for additional supply of electricity from RE resources to run more Araneta City properties.
The new power deals, which represent for Araneta City another step forward in its journey to decarbonize and optimize the energy use of its properties, were signed by officials from First Gen and Araneta City signed in early July.
The new contracts will cover the power supply requirements of four additional properties in Araneta City: the 30-storey Cyberpark Tower 3 office building, the 22-storey mixed-use Aurora Tower, the former Fiesta Carnival site that is undergoing redevelopment and the remaining Fiesta Carnival Arcade.
First Gen will draw the contracted power supply — estimated at 3.4 megawatts in total — from its 648-megawatt (MW) Unified Leyte geothermal power plants in Leyte.
The new power supply deals come on top of their earlier agreements, which were signed in October last year, for supply to three other Araneta City properties — Ali Mall, New Frontier Theater and Manhattan Gardens. Their power supply requirement, estimated at 5.4 MW, comes from First Gen’s geothermal and hydro plants in Bicol and Nueva Ecija, respectively.
“We have been trying to tap renewable energy sources for the past years and we’re happy to be achieving our vision. Our BPO [business process outsourcing] locators have been asking us to source renewable energy. We look forward to growing our partnership with First Gen,” said Araneta City Senior Vice President Antonio Mardo.
“Shifting to renewable energy is not just doing good for the environment, but also a means to manage business risks. We thank the Araneta Group for growing with us and allowing us to be their partner as they progress in their sustainability journey,” said Carlo Vega, First Gen chief customer engagement officer.
Known as the City of Firsts, Araneta City has been a pioneer in property development, seamlessly integrating retail, entertainment, residential, hospitality, and office spaces for over 70 years.
Araneta City is also among the first to adopt Department of Energy (DOE) programs, such as the Retail Competition and Open Access (RCOA) and Retail Aggregation Program (RAP), which allow consumers to exercise the right to choose their electricity suppliers.
Araneta City’s October 2025 deals with First Gen under the RAP combined the power demand of more than 200 retail and service tenants in Ali Mall and New Frontier Theater, as well as over 9,000 apartments in 18 residential towers of Manhattan Gardens. The new power deals were also facilitated under the RCOA and RAP consumers’ choice programs of the DOE.
First Gen is the leading RE producer in the Philippines with over 1,700 MW of combined generating capacity from 31 geothermal, hydro, wind, and solar facilities operating around the country.
