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,...
Lopez-led First Gen Corp. (FGen) is asserting that the extension of its power purchase agreement (PPA) with Manila Electric Co. (Meralco) for the 1,100-megawatt Santa Rita power plant is valid and essential for energy security. While the proposal still awaits approval from the Energy Regulatory...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Lopez-led First Gen Corp. (FGen) is urging the government to accelerate the rollout of renewable energy (RE) projects to reduce the nation 's heavy reliance on coal. Speaking at the 3rd Philippine Renewable Energy Conference, FGen President Francis Giles Puno said that coal-fired power still...
SORSOGON CITY – Lopez-led First Gen Corp. (FGen), through its renewable energy subsidiary Energy Development Corp. (EDC), launched the 22-megawatt (MW) Tanawon geothermal power plant on Friday, Aug. 1, to bolster the country 's clean baseload capacity. “This is not only a proud achievement...
Lopez-led First Gen Corporation (FGen) is set to modernize several of its aging geothermal power plants in the Visayas region to boost baseload power generation with newer technology. Francis Giles Puno, First Gen president said they plan to rebuild the over 700-megawatt Tongonan geothermal power...
Months after Razon-led Prime Infrastructure Capital Inc. (Prime Infra) moved to acquire a majority stake in the gas business of Lopez-led First Gen Corp. (FGen), both parties are now awaiting the green light from the anti-trust watchdog Philippine Competition Commission (PCC) to complete the deal....
