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A SINGAPORE-BASED holding firm buying some shares of Lopez-led First Gen Corp. refused to accept cash dividends in exchange for its offer price.
FIRST GEN Corp. has asked the stock exchange to suspend the trading of its shares on Tuesday after the Lopez-led energy company disclosed its receipt of a tender offer notice from Valorous Asia Holdings Pte. Ltd.
THE current low prices of liquefied natural gas (LNG) in the world market are favorable for the Philippines as a future buyer of the imported fuel, an official of Lopez-led First Gen Corp. said.
LOPEZ-LED First Gen Corp. said on Tuesday that its board of directors had approved the increase in its authorized capital stock to P13.2 billion from P11.6 billion by creating redeemable preferred shares.
FIRST GEN Corp. and its affiliate PI Energy, Inc. have completed the construction of a 1-megawatt (MW) solar rooftop system in the largest and one of the oldest universities in Central Luzon that is aiming to source all its electricity needs from clean and renewable energy.
THE National Irrigation Administration (NIA) has signed a memorandum of understanding (MoU) with Lopez-led First Gen Hydro Power Corp. to develop a hydroelectric power project at the Aya Dam in Pantabangan, Nueva Ecija.
FIRST GEN Corp. is in talks with at least 20 suppliers of liquefied natural gas (LNG) and may consider among the options Tokyo Gas Co., Ltd., one of the oldest companies in the business, with which it is jointly building a receiving terminal for the imported fuel, a company official said.
FIRST GEN Corp. is looking to expand the reach of its planned floating storage regasification unit (FSRU) for natural gas to the provinces, including those in the Visayas and Mindanao, a company official said on Wednesday.
FIRST GEN Corp. has chosen Japan’s JGC Corp. to handle the engineering, procurement and construction (EPC) of its liquefied natural gas (LNG) terminal project in Batangas City, the Lopez-led company said on Monday.
FIRST GEN. Corp. said on Thursday that the Department of Energy (DoE) had approved its application to have the company’s liquefied natural gas (LNG) import terminal project declared as nationally significant, making it easier for the company to secure permits.
FIRST GEN Corp. is looking to bring in more partners for its liquefied natural gas (LNG) terminal project as it schedules to break ground by month’s end and targets to make a final investment decision by early 2020 in time for a 2024 completion date.
FIRST Gen Corp. has secured approval from the Securities and Exchange Commission to increase its authorized capital stock to P11.6 billion from P8.6 billion by creating new preferred shares, the Lopez-led energy company told the stock exchange on Tuesday.
FIRST GEN Corp. posted a 65% increase in its 2018 net income attributable to the company’s equity holders to $221 million (P11.6 billion), with the added boost from its new gas-fired power plant plus other factors such as lower interest expense, the Lopez-led company told the stock exchange on Wednesday.
A PANEL at the Department of Energy (DoE) is scheduled to review this week the application of Lopez-led First Gen Corp. to build a liquefied natural gas (LNG) import terminal before the project proposal is submitted to the secretary for final approval.
ARTHALAND CORP. has tapped Lopez-led First Gen Corp. to supply renewable energy to its office project in Bonifacio Global City (BGC) called ArthaLand Century Pacific Tower (ACPT).
FIRST Gen Corp. said its subsidiary sought clearance from the Department of Energy (DoE) to proceed with the construction of the group’s liquefied natural gas (LNG) import terminal project.
FIRST GEN Corp. has not ended its search for partners for its planned liquefied natural gas (LNG) terminal after the signing of a joint development agreement (JDA) with Tokyo Gas Co., Ltd., a company official said.
FIRST GEN Corp. signed on Wednesday a joint development agreement (JDA) with Tokyo Gas Co., Ltd. to build a liquefied natural gas (LNG) terminal within the Lopez-led company’s power generation complex in Batangas City.
LOPEZ-LED First Gen Corp. said its offer to buy the government’s banked gas at $3.48 per gigajoules could result in savings for electricity users of close to P0.60 per kilowatt-hour (kWh)or a total of around P10 billion for the period starting next month and early 2024, the year when the Malampaya gas-to-power contract ends.
FIRST GEN Corp. is planning to invite diversified conglomerate San Miguel Corp. “within the year” to participate in its $1.2-billion liquefied natural gas (LNG)...
LOPEZ-LED First Gen Corp. expects its recurring net income in 2018 to reach nearly $200 million, an improvement over last year’s flat growth when...
Lopez-led First Gen Corp. has set a firm schedule for its plan to build a liquefied natural gas (LNG) terminal and regasification facility, including...
By Victor V. Saulon, Sub-Editor FIRST GEN Corp. is not giving up on its plan to build run-of-river hydroelectric power plants as the Lopez-led company...