Lopez-led First Gen Corporation, via its subsidiary First Gas Power Corporation, is seeking approval from the Energy Regulatory Commission (ERC) for the extension of its power purchase agreement (PPA) with the Manila Electric Company (Meralco) covering its 1,000-megawatt Santa Rita gas-fired plant,...
Lopez-led First Gen Corporation has formally reported to the Securities and Exchange Commission (SEC) that it will be unloading 60 percent of its gas businesses to Prime Infrastructure Capital Inc., a company owned by billionaire Enrique Razon, for ₱50 billion through the execution of a term...
Lopez-led First Gen Corporation (FGen) is hoping for proactive reforms in the country’s current power policies to help encourage investors to push for renewable energy (RE). During the Annual Stockholders Meeting on Thursday, May 29, FGen President Francis Giles Puno said that certain regulations...
Lopez-led First Gen Corp, (FGen) announced that it has fully acquired Pi Energy Inc. through a deed of assignment executed with its parent firm, First Philippine Holdings Corp. (FPH). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, FGen said it acquired Pi Energy for ₱1...
2025 is projected to be an upside year for Lopez-led First Gen Corp. (FGen), as it anticipates a financial rebound throughout the year. On the sidelines of a signing ceremony between FGen and Singapore’s Digital Edge, Giles Puno, president and chief operating officer of FGen, expressed optimism...
Lopez-led First Gen Corp. (FGen) announced that Singaporean data developer and operator Digital Edge Holdings Pte. Ltd. has integrated renewable energy (RE) into its data center in Laguna. During the signing ceremony on Wednesday, May 14, FGen said it was tapped to power Digital Edge’s NARRA1...
Lopez-led First Gen Corp. (FGen) reported that its first-quarter net income declined by four percent due to lower geothermal output, market price movements, and a lapsed power deal. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, May 6, FGen said its recurring net income during...
Lopez-led First Gen Corp. (FGen) has teamed up with a Japanese manufacturing firm to supply 100-percent clean energy to its facilities in Zambales. In a statement released on Thursday, April 24, Sanyo Denki Philippines Inc., a subsidiary of Japan’s Sanyo Denki Co. Ltd., announced its partnership...
Lopez-led First Gen Corp. has partnered with a Japanese multinational industrial gas firm to integrate renewable energy (RE) in its facilities. In a statement, Nippon Sanso Ingasco Group (NSIG), which is a unit of Nippon Sanso Holdings Group, will receive 100-percent clean energy for its...
Lopez-led First Gen Corp. (FGen) reported a dip in its net income due to its drilling activities in 2024. In a statement on Friday, March 21, FGen said its attributable recurring net income went down from $245 million, or approximately ₱15.4 billion, in 2023 to $277 million, or ₱14 billion,...
Lopez-led renewable energy (RE) provider First Gen Corporation (FGen) and real estate firm Oakridge Realty Development Corporation (ORDC) have partnered to integrate solar power in the latter’s business park in Cebu province. In a statement, FGen said it is set to install a 638 kilowatt-peak...
Long-time executive of Lopez-led First Gen Corporation, lawyer Teodorico Jose “Teod” R. Delfin, has been designated Undersecretary for Planning and Project Development at the Department of Transportation (DOTr), following the organizational restructuring process that newly installed Secretary...
