EDC PR 2016 (FS section)
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Financial Statement<br />
EWEHI<br />
EWEHI is a holding company incorporated on April 15, 2010. The following entities are the<br />
wholly owned subsidiaries of EWEHI:<br />
EBWPC was incorporated on April 13, 2010 to carry on the general business of generating,<br />
transmitting, and/or distributing energy. In September 2012, following EWEHI’s acquisition<br />
of 1,249,500 shares of EBWPC representing 33.33% ownership interest from <strong>EDC</strong> for<br />
₱141.4 million, EBWPC became a wholly owned subsidiary of EWEHI (see Note 37).<br />
EPWPC was incorporated on February 29, 2012 to carry on the general business of generating,<br />
transmitting, and/or distributing energy. As of December 31, <strong>2016</strong>, EPWPC remained<br />
non-operating.<br />
EBBWPC and EPBWPC were incorporated on May 22, 2014 to carry on the general business<br />
of generating, transmitting, and/or distributing energy. As of December 31, <strong>2016</strong>, EBBPC and<br />
EPBWPC remained non-operating.<br />
M1REC, M2REC, M3REC and I1REC were incorporated on February 9, <strong>2016</strong>, while N1REC<br />
was incorporated on March 16, <strong>2016</strong> to carry on the general business of generating,<br />
transmitting, and/or distributing energy. As of December 31, <strong>2016</strong>, M1REC, M2REC,<br />
M3REC, I1REC and N1REC remained non-operating.<br />
EBSEHI<br />
EBSEHI is a holding company incorporated on May 23, 2014. The following entities are the<br />
wholly owned subsidiaries of EBSEHI:<br />
EBSPC was incorporated on May 22, 2014 to carry on the general business of generating,<br />
transmitting, and/or distributing energy. As of December 31, <strong>2016</strong>, EBSPC remained<br />
non-operating.<br />
EBSC was incorporated on November 19, 2014 to carry on the general business of generating,<br />
transmitting, and/or distributing energy. As of December 31, <strong>2016</strong>, EBSC remained<br />
non-operating.<br />
EMGI, KGI and MAREI became wholly-owned subsidiary of EBSEHI starting December<br />
<strong>2016</strong> after EGC sold all of its shares on these companies to EBSEHI.<br />
FG Hydro<br />
FG Hydro was incorporated on March 13, 2006 with primary activities on power generation,<br />
transmission, distribution and other energy-related businesses. FG Hydro operates the 132-MW<br />
PAHEP/MAHEP located in Nueva Ecija, Philippines. FG Hydro buys from and sells electricity to<br />
the WESM and to various privately-owned DUs under the PSAs and PSCs, and to NGCP through<br />
ancillary services under the ASPA.<br />
Principal Office Address<br />
The registered principal office address of the Parent Company is One Corporate Centre, Julia<br />
Vargas Avenue corner Meralco Avenue, Ortigas Center, Pasig City.<br />
177