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 the...
LEGAZPI CITY, Albay – The Energy Development Corp. (EDC) has donated thousands of food packs and drinking water to residents affected by the Mayon Volcano unrest in different evacuation centers in Camalig, this province.
EDC employees distribute food packs and gallons of water to evacuees at...
Hocheng Philippines Corporation (HCG), a total bathroom solutions provider, has renewed its power supply agreement with First Gen Corporation of the Lopez group.
The new lease on their contract entails that HCG will continue to draw its 850-kilowatt power requirements from the geothermal...
GUUN Co. Ltd., a Japanese waste management and recycling company, has signed a power supply deal with First Gen Corporation so it can draw its energy needs from a clean technology source.
In a statement to the media, First Gen specified that GUUN's switch to renewable energy will...
Another factory shifts energy use to RE
By MYRNA M. VELASCO
Mc Bride Corporation, which is into PET bottles manufacturing, is the latest to join the bandwagon of corporates which had shifted its power use to renewable energy (RE), as catered to by Lopez-led firm First Gen Corporation.
...
Lopez-led Energy Development Corporation (EDC) will be reinforcing its geothermal capacity with at least six new projects being lined up for completion by end-2022 and in the next five years.
Atty. Allan Barcena, assistant vice president and head of public relations at EDC, noted that...
The United States government, through its US Trade and Development Agency (USTDA), has extended financial assistance for the conduct of a feasibility study (FS) on the 50-megawatt Amacan geothermal prospect being pursued by Lopez-led Energy Development Corporation (EDC) in Mindanao.
The grant...
Lopez-led First Gen Corporation net income declined by eight percent to $194 million in three quarters this year from the year-ago level of $211 million.
But due to the depreciation of the Philippine peso versus the US dollar, the company was able to register flat earnings at P10.2...
Owing to disrupted fuel supply in its gas-fired power plants due to the depleting state of the Malampaya gas field, the recurring net income of First Gen Corporation in the first half decelerated by 13 percent to P6.6 billion ($128 million) from a rosier financial outcome of P7.8 billion...
Food manufacturer Monde Nissin Corporation (MNC) has inked a power supply agreement (PSA) with Energy Development Corporation (EDC), for it to source electricity supply from a renewable energy-generated resource.
According to EDC, which is a subsidiary firm of Lopez-led First Gen Corporation,...
Leading renewable energy (RE) firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, will be supplying RE-generated electricity to Bohol province for the next 10 years.
In a statement to the media, EDC emphasized that it won the joint competitive selection...
Razon-led MORE Electric and Power Corporation will tap 20 megawatts of its electricity supply from Energy Development Corporation (EDC), a subsidiary of First Gen Corporation of the Lopez group.
MORE Power will be utilizing the contracted power supply in servicing its roughly 87,000 customers...
