First Gen Corp. has secured ₱24.75 billion in financial backing from Sy-led BDO Unibank Inc. to acquire a minority stake in a massive hydropower venture, provided that Chairman and Chief Executive Officer Federico “Piki” Lopez remains at the helm of the energy giant. The Lopez-led power...
First Gen Corp. clarified the inclusion of “Key Man” clauses in its hydropower joint venture with Prime Infrastructure Capital Inc., dismissing descriptions of the management control provisions as a “poison pill” and asserting the terms were a requirement of its partner. The power producer...
First Gen Corp. confirmed that it faces a potential financial hit of more than ₱23 billion if Federico “Piki” Lopez is ousted from leadership, disclosing “poison pill” clauses in its partnership with ports, and gaming magnate Enrique K. Razon Jr.’s Prime Infrastructure Capital Inc. In...
First Gen Corp. is on track to expand its hydroelectric footprint as it nears the completion of its storage facility in Nueva Ecija, the renewable energy arm of the Lopez family reported. In a filing with the Securities and Exchange Commission (SEC), the company’s subsidiary, First Gen Hydro...
Lopez-led First Gen Corp. posted a rebound in earnings in 2025, driven by stronger hydropower generation that helped offset weaker contributions from its geothermal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, March 25, First Gen said its attributable recurring net...
BDO Unibank Inc., the Philippines’ largest lender by assets, provided ₱30 billion to help finance Prime Infrastructure Capital Inc.’s acquisition of a controlling stake in gas assets previously held by First Gen Corp. In a statement, BDO said the financing accounts for 60 percent of the ₱50...
Recovering from a slip in its nine-month earnings last year, Lopez-led First Gen Corp. (FGen) reported a three percent increase in its attributable net income from January to September of this year. In a disclosure to the Philippine Stock Exchange on Tuesday, Nov. 11, FGen said its hydropower...
First Gen Corp. is set to begin drilling for the 440-megawatt (MW) geothermal project in Indonesia by next year, marking its first international expansion in a bid to accelerate clean energy development in Southeast Asia. In a statement, the Lopez family-led power producer announced that it has...
Lopez-led First Gen Corp. (FGen) is continuing negotiations to extend its power supply agreement (PSA) with Manila Electric Co. (Meralco) following the Energy Regulatory Commission’s (ERC) decision to allow continued supply from the Sta. Rita gas-fired power plant. Francis Giles Puno, FGen...
Lopez-led First Gen Corp. (FGen) is set to supply renewable energy (RE) to Taiwanese sweetener company Taiwan Fructose Co. Ltd. from its geothermal assets. In a statement on Thursday, Sept. 4, FGen announced it has signed an agreement with Taiwan Fructose Philippines to transition the power supply...
Lopez Holdings Corp. reported a 57 percent jump in attributable net income to ₱5.34 billion in the first half of 2025 from the ₱3.41 billion earned in the same period last year on lower costs of First Philippine Holdings Corp. and lower losses of ABS-CBN Corp. In a disclosure to the Philippine...
Lopez-led First Gen Corp. (FGen) reported a marginal net income growth of two percent year-on-year in the first half of 2025, with weaker performance from its geothermal and natural gas businesses offsetting gains. In a disclosure filed with the Philippine Stock Exchange (PSE) on Tuesday, Aug.12,...
