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First Gen’s Avion gas-fired plant ready by ’15

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First Gen Corp. (First Gen) said it is set to complete the $150-million, 97-megawatt Avion open cycle natural gas-fired power plant by summer next year, in time to add much-needed capacity to the Luzon grid.

Posted: August 6th, 2014 in Headlines | Read More »

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 »

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