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Friday, 12 December 2025, 7:54 am

    Tag: First Gen

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    First Gen eyes closing P50B deal with Prime Infra in 3 Months

    Energy Context.ph Context.ph -
    First Gen Corp., the power generation arm of the Lopez Group, said it expects to finalize within two to three months a deal to sell a 60 percent stake in its natural gas business to Prime Infrastructure Capital Inc., owned by billionaire Enrique Razon Jr.

    First Gen reports 12% drop in 2024 net income to USD245M

    Corporate Context.ph Context.ph -
    First Gen Corporation, the Lopez Group’s clean and renewable energy provider, reported a 12 percent decline in attributable recurring net income for 2024, amounting to USD245 million (P14.0 billion), compared to USD277 million (P15.4 billion) in 2023. 

    Monthly public ownership reports required of dozen PSE-listed firms

    Corporate Context.ph Context.ph -
    A little over a dozen companies listed on the Philippine Stock Exchange (PSE), including those owned by prominent families, are now required to submit monthly public ownership reports (POR)—an early-warning system established by the bourse to monitor firms teetering close to the minimum ownership threshold.

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    Yellow alert briefly raised in Visayas grid

    Energy 0
    The Visayas power grid was briefly placed under a yellow alert on Thursday, December 11, due to several power plants being unavailable. A yellow alert means power reserves are low, but rolling outages are not yet expected.

    DOE vows action on delayed GEA projects

    Energy 0
    The Department of Energy (DOE) is taking steps to address renewable energy projects under the Green Energy Auction (GEA) program that have failed to meet their committed delivery timelines.

    Luzon, Mindanao power seen stable in 2026

    Energy 0
    The Independent Electricity Market Operator of the Philippines (IEMOP) expects the Luzon and Mindanao power grids to remain generally stable in 2026 based on current supply levels, officials said Thursday in a briefing in Pasig City.

    Alternergy gets green light to advance up to 500 MW in new renewable projects

    Energy 0
    Alternergy Holdings Corp. has secured system impact study (SIS) approval from the National Grid Corporation of the Philippines (NGCP) for all five renewable energy projects it won under the fourth Green Energy Auction (GEA 4).

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    Navotas cold storage raided for unsafe, expired food

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    The Department of Agriculture (DA) and the CIDG–PNP raided two Solid Sea Products cold storage warehouses in Navotas City on Thursday after finding frozen meat and fish allegedly stored in unsafe and unsanitary conditions.
    Energy

    Yellow alert briefly raised in Visayas grid

    0
    The Visayas power grid was briefly placed under a yellow alert on Thursday, December 11, due to several power plants being unavailable. A yellow alert means power reserves are low, but rolling outages are not yet expected.
    Energy

    DOE vows action on delayed GEA projects

    0
    The Department of Energy (DOE) is taking steps to address renewable energy projects under the Green Energy Auction (GEA) program that have failed to meet their committed delivery timelines.
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