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...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
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 (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...
