Power utility giant Manila Electric Company (Meralco) said the proposed "fuel swap" arrangement’ aimed at bringing back the 1,200-megawatt Ilijan generating facility to operation cannot be concluded because there was no definitive gas supply commitment from Prime Energy, the new operator of the...
Energy firms that have gas-fired power fleets are now advancing their plea for ‘international funding mechanism’ that will underpin eventual actions to be taken on the decommissioning of their generating facilities. During the 4 th Philippine Environment Summit, First Gen Chairman and CEO...
As the Malampaya gas field is inching closer to its run-out phase and the country transitions into renewables, President Ferdinand Marcos Jr. has cited the critical role that the liquefied natural (LNG) investment deal of Lopez-led First Gen Corporation and Tokyo Gas Co. Ltd., will bring in...
Hocheng Philippines Corporation (HCG), a total bathroom solutions provider, has renewed its power supply agreement with First Gen Corporation of the Lopez group. The new lease on their contract entails that HCG will continue to draw its 850-kilowatt power requirements from the geothermal assets of...
GUUN Co. Ltd., a Japanese waste management and recycling company, has signed a power supply deal with First Gen Corporation so it can draw its energy needs from a clean technology source. In a statement to the media, First Gen specified that GUUN’s switch to renewable energy will support its...
Leading clean energy firm First Gen Corporation has partnered with the Climate Change Commission (CCC) to help local government units (LGUs) on climate change adaptation, particularly in executing mitigation plans and strategies to abate the planet’s warming. The memorandum of agreement (MOA) was...
Manuel “Manolo” M. Lopez, former chairman and CEO of power utility giant Manila Electric Company (Meralco) passed away on Thursday, Jan. 12, at the age of 80, the family has announced. Lopez, who is widely known in business circles as well as to Meralco employees and executives as “MML”,...
Another factory shifts energy use to RE By MYRNA M. VELASCO Mc Bride Corporation, which is into PET bottles manufacturing, is the latest to join the bandwagon of corporates which had shifted its power use to renewable energy (RE), as catered to by Lopez-led firm First Gen Corporation. Based on a...
The Department of Energy (DOE) has indicated that the propounded "gas swapping deal" to enable the operation of the Ilijan gas-fired power plant during the summer months is not firmed up yet. In a statement to the media, the energy department emphasized that “the possible arrangements cannot yet...
The ball has been tossed into the court of power utility giant Manila Electric Company (Meralco) to secure gas fuel allocation for the offer of San Miguel Corporation to have its 1,200-megawatt Ilijan gas-fired power facility utilized to augment power supply, primarily for the Luzon grid. According...
Lopez-led First Gen Corporation has scheduled for December the redemption of various preferred shares worth P4.7 billion by its investors, as approved by the company’s board of directors in their meeting Tuesday, Nov. 29. In a disclosure to the Philippine Stock Exchange (PSE), the company...
The Department of Energy (DOE) is now placing its bet on the entry of liquefied natural gas (LNG) as one of the "immediate fixes" to save Luzon consumers from blackouts during the summer months. “Our foremost concern is to ensure that there is enough capacity supplied through various sources most...
