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Lopez-led First Gen’s attributable income rises to $221 million in 2018

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.

DoE panel reviews First Gen’s LNG import terminal

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 taps First Gen to supply power to BGC project

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 unit seeks clearance to build LNG terminal

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 still seeking more partners for LNG terminal

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, Tokyo Gas to develop LNG terminal in Batangas City

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.

First Gen says power users to save P10B with PNOC gas...

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 still keen on buying PNOC’s banked gas

FIRST GEN Corp. is still on buying the Philippine National Oil Co.’s (PNOC) banked gas after the latter did not respond to its earlier offer.

First Gen eyes San Miguel as partner for proposed LNG import...

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)...

First Gen targets nearly $200M in recurring profit this year

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...

First Gen aims to select partners for LNG terminal within the...

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...

First Gen aims to secure more supply deals

FIRST GEN Corp. is aiming to secure power supply contracts for 92% of the capacity it generates this year, an improvement over the 80%...

First Gen still keen on run-of-river hydro projects

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...

First Gen posts flat earnings

FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance...

First Gen unit, Meralco ink power supply contract

Lopez-led First Gen Corp. said its unit had entered into a power supply contract with distribution utility Manila Electric Co. (Meralco) for the sale...