Lopez-led First Gen Corp. (FGen) is continuing negotiations to extend its power supply agreement (PSA) with Manila Electric Co. (Meralco) following the Energy Regulatory Commission’s (ERC) decision to allow continued supply from the Sta. Rita gas-fired power plant. Francis Giles Puno, FGen...
Lopez Holdings Corp. reported a 57 percent jump in attributable net income to ₱5.34 billion in the first half of 2025 from the ₱3.41 billion earned in the same period last year on lower costs of First Philippine Holdings Corp. and lower losses of ABS-CBN Corp. In a disclosure to the Philippine...
Lopez-led First Gen Corp. (FGen) reported a marginal net income growth of two percent year-on-year in the first half of 2025, with weaker performance from its geothermal and natural gas businesses offsetting gains. In a disclosure filed with the Philippine Stock Exchange (PSE) on Tuesday, Aug.12,...
Lopez-led First Gen Corp. (FGen) is asserting that the extension of its power purchase agreement (PPA) with Manila Electric Co. (Meralco) for the 1,100-megawatt Santa Rita power plant is valid and essential for energy security. While the proposal still awaits approval from the Energy Regulatory...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Lopez-led First Gen Corp. (FGen) is urging the government to accelerate the rollout of renewable energy (RE) projects to reduce the nation 's heavy reliance on coal. Speaking at the 3rd Philippine Renewable Energy Conference, FGen President Francis Giles Puno said that coal-fired power still...
Lopez-led First Gen Corporation (First Gen) is set to expand its renewable energy initiatives beyond geothermal, with plans to increase investments in solar and wind technologies. In a recent interview, First Gen President and Chief Operating Officer Francis Giles Puno said the company 's...
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 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...
