UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(f) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2007

Commission file number 333-62588

First National Power Corporation

IRS TAX ID # 76-0819545
State of Incorporation: Delaware



Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes [X] No [
]

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act). [x] Yes [ ] No

As of September 30, 2007, there were 76,277,260 shares issued and
outstanding of the issuer's common stock.

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PART I: FINANCIAL INFORMATION

Item 1. Financial Statements:















First National Power
  Corporation


(A Development Stage
Company)

Interim Financial
Statements (unaudited)

For the 9-Month Period
Ended September 30, 2007

Amounts expressed in
  US Dollars
























The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 1





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Index

|                                                                                                                                                                   |  |      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | -----
|Interim Balance
    Sheets as at September 30, 2007 (unaudited) and December 31, 2006 (audited)                                                                    |  | 3    
|Interim
    Statements of Operations for the 9-month periods ended September 30, 2007
    and September 30, 2006 (unaudited)                                       |  | 4    
|Interim
    Statements of Operations for the 3-month periods ended September 30, 2007
    and September 30, 2006 (unaudited)                                       |  | 5    
|Interim
    Statements of Changes in Stockholders' Deficiency for the 9-month period
    ended September 30, 2007 (unaudited) and the year ended December 31, 2006 |  | 6 - 7
|Interim
    Statements of Cash Flows for the 9-month periods ended September 30, 2007
    and September 30, 2006 (unaudited)                                       |  | 8    
|Condensed Notes
    to Financial Statements (Unaudited)                                                                                                            |  | 9    



















The Condensed Notes
form an integral part of the consolidated unaudited interim financial statements

Page 2





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FIRST NATIONAL POWER CORPORATION(A Development Stage Company)Interim Balance SheetsAs of September 30, 2007 and December 31, 2006(Amounts expressed in US Dollars)(Unaudited)September 30, 2007
      
      December 31, 2006$
      
      $ASSETSCURRENT ASSETSCash
      174,862
      
      203,272174,862
      
      203,272LIABILITIESCURRENT LIABILITIESAccounts payable and accrued liabilities
      17,539
      
      23,074Loans from shareholders
      258,313
      
      258,313275,852
      
      281,387STOCKHOLDERS' DEFICIENCYCAPITAL STOCK
      76,278
      
      76,278CAPITAL STOCK SUBSCRIBED
      146
      
      146ADDITIONAL PAID-IN-CAPITAL
      320,937
      
      320,937DEFICIT, ACCUMULATED DURING THE DEVELOPMENT STAGE
      (498,351)
      
      (475,476)(100,990)
      
      (78,115)174,862
      
      203,272




The Condensed Notes
form an integral part of the consolidated unaudited interim financial statements

Page 3





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|FIRST NATIONAL POWER CORPORATION                                           
|---------------------------------------------------------------------------
|(A Development Stage Company)                                              
|Interim Statements of Operations                                           
|For the 9 month periods ended September 30, 2007 and
    September 30, 2006
|(Amounts expressed in US Dollars)                                          
|(Unaudited)                                                                
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|OPERATING EXPENSES                                                         
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|NET LOSS                                                                   
|                                                                           
|Net loss per share, basic and diluted                                      
|                                                                           
|Weighted average common shares outstanding                                 





The Condensed Notes
form an integral part of the consolidated unaudited interim financial statements

Page 4

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|FIRST NATIONAL POWER CORPORATION                                               
|-------------------------------------------------------------------------------
|(A Development Stage Company)                                                  
|Interim Statements of Operations                                               
|For the three month periods ended September 30, 2007 and
    September 30, 2006
|(Amounts expressed in US Dollars)                                              
|(Unaudited)                                                                    
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|OPERATING EXPENSES                                                             
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|NET LOSS                                                                       
|                                                                               
|Net loss per share, basic and diluted                                          
|                                                                               
|Weighted Average Common shares outstanding                                     





The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 5

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FIRST NATIONAL POWER CORPORATION(A Development Stage Company)Interim Statements of Changes in Stockholders'
      DeficiencyFor the 9 month period ended September 30, 2007 and the
      year ended December 31, 2006(Amounts expressed in US Dollars)(Unaudited)DeficitCommon
      
      
      
      Additional
      
      accumulatedCommon
      
      Stock
      
      Common
      
      Paid-In
      
      during theStock
      
      Number of
      
      Stock
      
      Capital
      
      developmentAmount
      
      Shares
      
      Subscribed
      
      (Discount)
      
      stage$
      
      
      
      $
      
      $
      
      $Balance at November 16, 2000Issuance of common stock for cash
      100
      
      100,000
      
      
      
      900Net Loss for the Period
      
      
      
      
      
      
      
      
      (968)Balance as of December 31, 2000
      100
      
      100,000
      
      -
      
      900
      
      (968)Issuance of stock for cash
      400
      
      400,000
      
      
      
      3,600Issuance of stock for cash
      700
      
      700,000
      
      
      
      6,300Issuance of stock for cash
      850
      
      850,000
      
      
      
      7,650Currency Translation
      
      
      
      
      
      
      100Net Loss for the Year
      
      
      
      
      
      
      
      
      (23,954)Balance as of December 31, 2001
      2,050
      
      2,050,000
      
      -
      
      18,550
      
      (24,922)Expiration of rescission offer forsale
      of stock
      64
      
      63,536
      
      
      
      6,290Net Loss for the Year
      
      
      
      
      
      
      
      
      (26,047)Balance as of December 31, 2002
      2,114
      
      2,113,536
      
      -
      
      24,840
      
      (50,969)Stock split 5:1
      8,454
      
      8,454,144
      
      
      
      (8,454)Shares issued for services rendered
      200
      
      200,000
      
      
      
      79,800Net Loss for the Year
      
      
      
      
      
      
      
      
      (107,245)


The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 6

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Balance as of December 31, 2003
      10,768
      
      10,767,680
      
      -
      
      96,186
      
      (158,214)Stock split 7:1
      64,606
      
      64,606,080
      
      
      
      (64,606)Shares issued for services rendered
      30
      
      30,000
      
      
      
      15,870Shares subscribed
      
      
      
      
      146
      
      70,371Shares issued for services rendered
      44
      
      43,500
      
      
      
      9,956Net Loss for the Year
      
      
      
      
      
      
      
      
      (75,414)Balance as of December 31, 2004
      75,448
      
      75,447,260
      
      146
      
      127,777
      
      (233,628)Shares issued for services rendered
      830
      
      830,000
      
      
      
      193,160Net Loss for the Year
      
      
      
      
      
      
      
      
      (208,886)Balance as of December 31, 2005
      76,278
      
      76,277,260
      
      146
      
      320,937
      
      (442,514)Net
      Loss for the year
      
      
      
      
      
      
      
      
      (32,962)Balance as of December 31, 2006
      76,278
      
      76,277,260
      
      146
      
      320,937
      
      (475,476)Net
      Loss for the period
      
      
      
      
      
      
      
      
      (22,875)Balance as of September 30, 2007
      76,278
      
      76,277,260
      
      146
      
      320,937
      
      (498,351)








The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 7

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FIRST NATIONAL POWER CORPORATION(A Development Stage Company)Interim Statements of Cash FlowsFor the 9 month periods ended September 30, 2007 and
      September 30, 2006(Amounts expressed in US Dollars)(Unaudited)Cumulative Since Inception
      
      Nine Months ended
      September 30, 2007
      
      Nine Months ended September 30, 2006$
      
      $
      
      $CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
      (498,351)
      
      (22,875)
      
      (16,870)Adjustments for items not affecting cashShares issued for services rendered
      299,890
      
      
      
      -Forgiveness of accounts payable and loans
      (47,394)Increase (decrease) in accounts payable and accrued liabilities
      21,538
      
      (5,535)
      
      (13,908)Net cash used in operating activities
      (224,317)
      
      (28,410)
      
      (30,778)CASH
      FLOWS FROM FINANCING ACTIVITIESLoans from
      Shareholders
      301,708
      
      -
      
      34,309Proceeds from
      sale of capital stock
      26,954
      
      
      
      -Proceeds from capital stock subscriptions
      70,517
      
      -
      
      -Net cash provided by financing activities
      399,179
      
      -
      
      34,309NET
      INCREASE IN CASH
      174,862
      
      (28,410)
      
      3,531Cash, beginning
      of period
      -
      
      203,272
      
      35CASH,
      END OF PERIOD
      174,862
      
      174,862
      
      3,566INCOME TAXES PAID
      -
      
      -
      
      -INTEREST PAID
      3,815
      
      589
      
      -






The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 8

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NOTES TO INTERIM FINANCIAL STATEMENTS



The accompanying unaudited interim financial statements have
been prepared in accordance with the instructions to Form 10-Q and do not
include all the information and footnotes required by generally accepted
accounting principles for complete financial statements. In the opinion of
management, all adjustments (consisting of all recurring accruals considered
necessary for fair presentation) have been included. Operating results for the
interim periods are not necessarily indicative of the results that may be
expected for the year ended December 31, 2007. Interim financial statements
should be read in conjunction with the Company's annual audited financial
statements.





1. Organization and Basis of Presentation



Description of the Business



The Company was incorporated on November 16, 2000 under the
  laws of the State of Delaware. The business purpose of the Company is to
  acquire and deploy green energy generation solutions that are new to the
  market.



Going Concern



The Company's financial statements are prepared using
  accounting principles generally accepted in the United States of America and
  applicable to a going concern, which contemplates the realization of assets
  and liquidation of liabilities in the normal course of business. However, the
  Company has not generated any revenues from its planned principal operations
  through September 30, 2007. Without realization of additional capital, it
  would be unlikely for the Company to continue as a going concern.





2. Employee Share Incentive Program



On February 15, 2005, the Board of Directors approved the
FNPR 2005 Employee Share Incentive Program ("ESIP"), allocating 3 million shares
to the ESIP. These shares are meant to be used by the Board and the officers to
compensate employees and consultants for services. As the company is not
intending to raise further cash, yet has projects that need to be moved forward,
it was deemed that using shares in lieu of cash was the best alternative. From
the ESIP, the company has issued 400,000 shares to compensate the CFO and
another 290,000 shares to various consultants in 2005. There have been no shares
issued in 2006 or to date in 2007.





The
Condensed Notes form an integral part of the consolidated unaudited interim
financial statements

Page 9

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Item 2: Management's Discussion and Analysis:

The Company continues to work at the fringes of the Durham Strategic Energy
Park in Clarington Ontario. A number of power generation projects are being
considered for that site and Company continues to maintain a relationship with
the owners of the property. If an economically viable power generation project
can be designed and agreed upon with the various regulatory bodies, the Company
is confident that understandings for access to the property can be solidified
and contracted.

The Company is also dealing with a Canadian inventor for the rights to a
device that will generate power from wind. Marketing concepts have been
discussed and researched so that as soon as the patent is granted to the
inventor, the Company will be able to market this generating system to all
existing wind farms. This generation system will be usable on existing wind
towers, without further environmental or regulatory approval and is designed so
that there will be a minimum of additional maintenance support.

Finally, the Company is evaluating a series of bio-mass projects. Some of the
projects are in their final stages of due diligence and others are still in the
economic modeling stage.

Last year, the company secured a loan from York Truck. These funds will see
the Company thru the due diligence and initialization of at least 1 of these
projects.

Item 3. Effectiveness of the registrant's disclosure controls and procedures

Within the 90-day period prior to the filing of this report, the Company
carried out an evaluation of the effectiveness of the Company's disclosure
controls and procedures (as defined by Rule 13a-14(c) under the Securities
Exchange Act of 1934) under the supervision and with the participation of the
Company's chief executive officer and chief financial officer. Based on and as
of the date of such evaluation, the aforementioned officers have concluded that
the Company's disclosure controls and procedures were effective.

The Company also maintains a system of internal accounting controls that is
designed to provide assurance that assets are safeguarded and that transactions
are executed in accordance with management's authorization and properly
recorded. This system is continually reviewed and is augmented by written
policies and procedures, the careful selection and training of qualified
personnel and an internal audit program to monitor its effectiveness. During the
third quarter of fiscal year 2006, there were no significant changes to this
system of internal controls or in other factors that could significantly affect
those controls.

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PART II - OTHER INFORMATION

Item 6. Exhibits

Exhibits:

|Exhibit No. | Document                              | Location        
|----------- | ------------------------------------- | ----------------
|3.1         | Articles of
    Incorporation         | Previously Filed
|3.2         | Bylaws                                | Previously Filed
|31          | Rule 13a-41(a)/15d-14(a) Certificates | Included        
|32          | Section 1350 Certifications           | Included        

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SIGNATURES



In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

FIRST NATIONAL POWER CORPORATION

DATE: 5 November 2007





/s/ Peter Wanner

Peter Wanner

Chief Financial Officer