Lopez-led First Gen Corp. (First Gen) has partnered with Philippine National Bank’s (PNB) real estate arm PNB Holdings Corp. (PHC) to supply renewable energy (RE) to its prime properties in Makati City and Pasay City. In a statement last week, First Gen said it will supply five megawatts (MW) of...
The Lopez Group’s First Philippine Holdings Corp. (FPH) has rejected a proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire a portion of its stake in First Gen Corp. because the price offered is not good enough. “After careful deliberation and consideration, FPH has determined that...
First Philippine Holdings Corp. (FPH) confirmed receiving a preliminary, non-binding proposal from global investment firm Kohlberg Kravis Roberts & Co. (KKR) to acquire a significant additional stake in energy unit First Gen Corp. as part of a strategy to privatize the power producer. In a...
Lopez-led First Gen Corp. posted slightly higher earnings in the first half of 2026 as stronger contributions from its geothermal business offset weaker performance from its hydroelectric power portfolio. In a disclosure filed with the Philippine Stock Exchange (PSE) on Wednesday, Aug. 12, First...
Kansai Electric Power Co. agreed to acquire a 14 percent equity stake in the parent company behind the 600-megawatt energy storage facility in the Philippines, the Japanese utility’s maiden investment in an overseas pumped storage hydropower project. In a disclosure to the Philippine Stock...
In the prevailing, highly volatile political climate—exacerbated by maritime bullying in the West Philippine Sea that creates an air of uncertainty—it is only natural for foreign investors to take a risk-averse stance toward the country. Yes, Virginia, while the President has been going around...
Lopez-led First Gen Corp. is expanding its partnership with Araneta City Inc. (ACI) to broaden its renewable energy (RE) supply to four more developments in the Quezon City commercial hub. In a statement on Wednesday, July 22, First Gen announced the signing of new power supply agreements (PSAs)...
Lopez-led First Gen Corp. is continuing its renewable energy (RE) expansion after securing a partnership with Grand Union Supermarket Inc. (Grand Union) to supply solar energy to its branches in Bulacan and Laguna provinces. In a statement last week, First Gen said Grand Union, owner of the South...
PT Barito Renewables Energy has submitted an unsolicited proposal to acquire Energy Development Corp. (EDC) in a transaction that values the equity of the Philippines’ premier geothermal producer at approximately ₱308 billion. The development, which could be one of the largest potential clean...
The Philippine Stock Exchange (PSE) penalized First Gen Corp. and DoubleDragon Corp. for violating the bourse’s disclosure rules. First Gen, a power producer controlled by the billionaire Lopez family, was found in violation of multiple provisions under Article VII of the PSE Consolidated Listing...
The Philippines remains energy insecure as its growing dependence on Middle Eastern crude oil and tightening power reserves leave the country increasingly vulnerable to global fuel supply disruptions as well as power supply risks, according to state-run think tank Philippine Institute for...
Lopez-led First Gen Corp. (First Gen) has secured the exclusive right to develop, construct, and operate a new 120-megawatt (MW) pumped-storage hydropower facility in Nueva Ecija province, boosting the country’s clean energy pipeline. In a statement on Monday, July 6, First Gen announced that it...
