First Gen Corp. has secured ₱24.75 billion in financial backing from Sy-led BDO Unibank Inc. to acquire a minority stake in a massive hydropower venture, provided that Chairman and Chief Executive Officer Federico “Piki” Lopez remains at the helm of the energy giant. The Lopez-led power...
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...
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...
First Gen Corp. is on track to expand its hydroelectric footprint as it nears the completion of its storage facility in Nueva Ecija, the renewable energy arm of the Lopez family reported. In a filing with the Securities and Exchange Commission (SEC), the company’s subsidiary, First Gen Hydro...
Lopez-led First Gen Corp. posted a rebound in earnings in 2025, driven by stronger hydropower generation that helped offset weaker contributions from its geothermal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, March 25, First Gen said its attributable recurring net...
Recovering from a slip in its nine-month earnings last year, Lopez-led First Gen Corp. (FGen) reported a three percent increase in its attributable net income from January to September of this year. In a disclosure to the Philippine Stock Exchange on Tuesday, Nov. 11, FGen said its hydropower...
First Gen Corp. is set to begin drilling for the 440-megawatt (MW) geothermal project in Indonesia by next year, marking its first international expansion in a bid to accelerate clean energy development in Southeast Asia. In a statement, the Lopez family-led power producer announced that it has...
Lopez-led First Gen Corp. (FGen) is set to supply renewable energy (RE) to Taiwanese sweetener company Taiwan Fructose Co. Ltd. from its geothermal assets. In a statement on Thursday, Sept. 4, FGen announced it has signed an agreement with Taiwan Fructose Philippines to transition the power supply...
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...
