The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
While sustainability is just flourishing as a battle cry and pursuit for many corporations in the Philippines as underpinned by the implementation of the environmental, social and corporate governance (ESG) framework this year, First Gen Corporation Chairman and CEO Federico R. Lopez highlighted...
Scion Manuel “Beaver” L. Lopez Jr. has been designated board director at listed firm First Gen Corporation, taking the seat vacated by his cousin Eugenio “Gabby” L. Lopez III, who bowed out from the company’s board last September. Manuel “Beaver” L. Lopez Jr. (Photo credit:...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
Lopez-led First Gen Corporation has posted 12-percent decline in earnings to P9.6 billion (US$190 million) in the three quarters of this year vis-à-vis heftier profitability of P11.3 billion (US$217 million) in the same period last year. Within the January-September period, the company noted that...
When its interim import terminal for liquefied natural gas (LNG) will kick off commercial operations in 2022, FGEN LNG Corporation, a subsidiary of Lopez-led First Gen Corporation, will in parallel be setting in motion the market introduction of gas for locators in economic zones and industrial...
Lopez-led FGEN LNG Corporation will conclude by the middle of next month the bid process for its planned chartering of a floating storage regasification unit (FSRU) to serve as its interim facility on targeted importation of liquefied natural gas (LNG) starting year 2022. Jonathan C. Russell,...
Lopez-owned First Gen Hydro Power Corporation (First Gen Hydro) has pledged P33 million worth of donation to its host-community for the completion of a water supply and distribution system project in Pantabangan, Nueva Ecija. The donation, was formalized through a virtual memorandum of agreement...
Lopez firm subsidiary FGEN LNG Corporation has tapped Australia-based McConnell Dowell as its engineering, procurement and construction (EPC) contractor for its US$300 million interim liquefied natural gas (LNG) import terminal project. The phase of its interim LNG terminal (IOT) to be covered by...
Even in the midst of a pandemic, the employee-volunteers of First Gen Corporation had not passed up on a virtuous chance to raise thousands of pesos for a charity drive to help indigents in Batangas, part of the community hosting the company’s power projects. The platform they employed was a...
The Department of Energy (DOE) has approved the construction timeline applied for by FGEN LNG Corporation, a joint venture of Lopez-led First Gen Corporation and Tokyo Gas Co. Ltd., for the US$300 million floating storage regasification unit (FSRU) project so it can bring liquefied natural gas...
