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First Gas takes delivery of equipment

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Lopez-owned First Gen Corp. disclosed yesterday that the Santa Rita natural gas-fired power plant in Batangas City would soon be operating at full capacity as the company secured new equipment for its damaged unit.

Posted: July 5th, 2014 in Headlines | Read More »

First Gen’s net profit reduced by ‘Yolanda’, higher costs

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Lopez-led First Gen Corp. reported lower profitability in the first quarter of 2014, citing, among others, the negative impact of Typhoon Yolanda on the earnings of subsidiary Energy Development Corp. (EDC).

Posted: May 17th, 2014 in Headlines | Read More »

First Gen ropes in Siemens for natural gas power project

First Gen Corp., through subsidiary First NatGas Power Corp., inked engineering and procurement as well as operations and maintenance deals with the Siemens group for the first of the three units of the $600-million San Gabriel combined cycle natural gas-fired power plant project.

Posted: December 17th, 2013 in Headlines | Read More »

First Gen nets $118.2M as of Sept., down 21%

Lopez-led First Gen Corp. posted a 21-percent decline in its net income to $118.2 million in the first nine months of the year, from $150 million a year ago.

Posted: November 16th, 2013 in Headlines | Read More »

First Gen raises $250M from bond offer

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First Gen Corp. (First Gen) said Thursday it successfully closed its $250 million 10-year bond issue, which will support the company’s power ventures.

Posted: October 11th, 2013 in Headlines | Read More »

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