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....
In an effort to address the rapid increase in demand for electricity in Visayas, Lopez-led Green Core Geothermal Inc. (GCGI) is setting its sights on upgrading its Palinpinon 1 geothermal plant in Negros Oriental. According to GCGI, a subsidiary of Energy Development Corp. (EDC), the proposed...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
Lopez-led First Gen Corporation (First Gen) is set to expand its renewable energy initiatives beyond geothermal, with plans to increase investments in solar and wind technologies. In a recent interview, First Gen President and Chief Operating Officer Francis Giles Puno said the company 's...
