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...
Prime Infrastructure has deployed two firefighting tugboats to help contain the blaze at the Navotas sanitary landfill, as local authorities continue efforts to extinguish a deep-seated fire that broke out on April 10. In a press briefing on Wednesday, April 15, Navotas City Mayor John Rey Tiangco...
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...
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....
Razon-led Manila Water Co. and newly entered retail electricity supplier PrimeRES Energy Corporation switched on their first retail aggregation program (RAP) for 10 water facilities. In a switch-on ceremony on Thursday, Feb. 27, Manila Water President and Chief Executive Officer (CEO) Jocot de Dios...
In pursuit of funding infrastructure developments, Prime Infrastructure has secured a P5 billion loan facility with the state-run Land Bank of the Philippines. In a statement, Prime Infra said the loan would be able to partially finance the firm’s working capital requirements and its three core...
Property giant Ayala Land Inc. (ALI) and its real estate investment trust, AREIT Inc., have tapped Razon-led Prime Infrastructure for sustainable waste management. Trash produced by eight AREIT office buildings will be processed at Prime Integrated Waste Solutions' (PWS) facility in Binaliw,...
The Upper Wawa Dam, the second phase of the Wawa Bulk Water Supply, is on course to begin operations by the end of 2025 with its progress currently over 70 percent. The project led by Prime Infra’s WawaJVCo Inc. will provide a water capacity of over 700 million liters per day (MLD) and benefit...
First Gen Corp. and Prime Infrastructure Capital, Inc. (Prime Infra) have entered into a lease agreement for the liquefied natural gas (LNG) storage and regasification terminal located in Batangas City. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, First Gen said that...
SP New Energy Corp. (SPNEC) has acquired all of the shares of Prime Infrastructure Inc. (Prime Infra) in their joint venture firm Terra Solar Philippines Inc. (TSPI) for P6 billion to build the world’s largest solar project at a cost of about P200 billion. In a disclosure to the Philippine Stock...
Razon-led Prime Integrated Waste Solutions Inc. (PWS) has kicked off production of refuse-derived fuel (RDF) through the use of municipal solid wastes as its feedstock. As explained by Prime Infra President and CEO Guillaume Lucci, “by harnessing the potential of RDF, we convert waste into a...
The targeted mandatory pie for power supply agreements (PSA) anchored on gas-fed power generating facilities will just be confined to gas volumes that will be extracted from the Malampaya field, according to a ranking Department of Energy (DOE) official. Energy Undersecretary Rowena L. Guevara...
