First Gen starts work on $1.26B worth of gas, hydro facilities
First Gen Corp. has started preliminary work to prepare for the construction of $1.26 billion (roughly P51.7 billion) worth of natural gas facilities and hydropower plants.
First Gen Corp. has started preliminary work to prepare for the construction of $1.26 billion (roughly P51.7 billion) worth of natural gas facilities and hydropower plants.
The net income of First Gen Corp. of the Lopez Group surged last year to $186.1 million, from $35 million registered in 2011, on the back of the strong performance of its power assets.
Energy Development Corp. is beefing up its investments this year to P32 billion, up from the P22 billion it initially announced, to fund the construction of priority power projects.
First Gen Corp. of the Lopez group has set aside close to $2 billion (roughly P82 billion) to put up natural gas and hydropower projects over the next five years, in anticipation of the country’s need for additional capacities.
MANILA, Philippines—Lopez-led First Gen Corp. reported a surge in its net income to $147 million in the first nine months of 2012 from only $10.1 million a year ago. In a filing with the Philippine Stock Exchange, First Gen attributed the profit growth to the higher earnings contributed by affiliates Energy Development Corp., currently [...]
Lopez-led FGP Corp., a wholly owned subsidiary of First Gen Corp., on Thursday signed a $420-million, 10-year loan facility with seven banks to refinance debts and help fund the proposed 500-megawatt San Gabriel natural gas power project.
First Gen Corp. said its net income attributable to equity holders of the parent company hit $92.8 million in the first half, a reversal of the $16 million in attributable net loss it recorded in the same period last year.
First Gen Corp. of the Lopez family and Trans-Asia Oil and Energy Development Corp. of the Phinma group are pushing through with their renewable energy projects worth P27 billion following the issuance of the feed-in-tariff (FIT) rates last week.
First Gen Corp. of the Lopez group is seeking the approval of the Department of Energy for six wind power projects in Luzon and the Visayas.
The Lopez-led First Gen Corp. is planning to build in Bulacan and Nueva Ecija two hydropower plants that can generate a combined 600 megawatts.
Power giant First Gen Corp. is studying the feasibility of the P14-billion Balintingon Reservoir multipurpose project in Nueva Ecija, which would mark the Lopez family’s foray into the bulk water supply business.
The Lopez-led First Gen Corp. is eyeing to invest as much as $1 billion—or roughly P43 billion at the prevailing exchange rate—to finally pursue the expansion of its two natural gas-fired facilities in Batangas through the 500-megawatt San Gabriel power project.
