August 31, 2020

Limited Malampaya output prompts fuel shift

By Myrna M. Velasco – August 31, 2020, 6:00 AM from Manila Bulletin The gas production restriction at the Malampaya field has prompted fuel shift of the country’s gas-fired power plants, which may consequently trigger hikes in electricity rates. As […]
August 15, 2020

First Gen income slides to P8.9B in first 6 months

By Jordeene B. Lagare – August 15, 2020 from The Manila Times FIRST Gen Corp. reported a consolidated net income of $183 million (P8.92 billion) in the first semester of 2020, a 21.6-percent decline from the $233.4 million (P11.38 billion) […]
August 10, 2020

First Gen goal: Complete LNG terminal in April 2022

By Lenie Lectura – August 10, 2020 from Business Mirror First Gen Corp. LNG Corp. (FGEN LNG), a wholly owned subsidiary of Lopez-led First Gen Corp., will complete its offshore LNG (liquefied natural gas) terminal in January 2022, with target […]
July 30, 2020

First Gen sets capex for gas business, geothermal unit

By Lenie Lectura – July 30, 2020 from Business Mirror File photo: First Gen’s natural gas power plants in Batangas First Gen Corp. said it is setting aside capital expenditures (capex) of $128.3 million and P7 billion to P8 billion […]