Lopez-led First Philippine Holdings Corporation (FPH) started the rollout this week of its Covid-19 vaccines for employees and dependents as part of the conglomerate’s program to help assure the health of its workforce and support government’s overall aim to achieve herd immunity against the...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
Lopez-led First Gen Corporation has inked a 10-year time charter party with Danish firm Svitzer for the provision of towage and other vessel support services for the former’s interim liquefied natural gas (LNG) import facility. In the deal that was signed with Lopez firm subsidiary FGEN LNG...
Lopez-led First Gen Corporation has earmarked US$530 million capital expenditures (capex) this year that will be funneled mainly to the expansion projects of subsidiary Energy Development Corporation (EDC) as well as its ongoing interim liquefied natural gas (LNG) import terminal. During the...
Lopez-led First Gen Corporation will be supplying power generated from a renewable energy resource to at least four upscale township and office-tower developments of real estate leader Megaworld Corporation. The power supply agreement, which is under the ambit of Retail Competition and Open Access...
Lopez-led First Gen Corporation has selected Norwegian firm BW Gas Limited for its five-year time chartering of floating storage regasification unit (FSRU) relative to the liquefied natural gas (LNG) import facility that it will be setting up at its Clean Energy Complex in Batangas. In a disclosure...
FGEN LNG Corporation, the corporate vehicle of First Gen Corporation for its interim liquefied natural gas (LNG) import facility, has shortlisted two bidders for its targeted chartering of floating storage regasification unit (FSRU) for the project. The shortlisted firms are BW Gas Limited and...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been synchronized back to the grid this week, following a five-month shutdown due to the technical glitch it suffered from since five months ago. In a disclosure to the Philippine Stock Exchange (PSE), the Lopez firm...
Touting that businesses can either be a destructive force or a powerful agent for regenerative change, Lopez-led First Gen Corporation is opting for the latter as it pushes for the developments of decarbonized, resilient and socially-inclusive infrastructure facilities; as well as on pioneering the...
Lopez-led First Gen Corporation, through its corporate vehicle FGEN LNG Corporation, has formally shortlisted three prospective bidders on its procurement of floating storage regasification unit (FSRU) for its interim liquefied natural gas (LNG) import facility in Batangas. The company announced...
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...
