Tag: First Gen

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First Gen posts flat earnings amid challenges

Energy & Mining Context.ph Context.ph -
First Gen Corporation, the Lopez Group’s clean and renewable energy firm, said recurring attributable net income for the first half was flat at USD151 million (P8.6 billion) from from USD150 million (P8.4 billion) in the same period last year.

Fresh River Lakes secures ₱15-B loan facility

Banking & Insurance Context.ph Context.ph -
Fresh River Lakes Corp. (FRLC), a wholly owned subsidiary of First Gen Corp., has secured a total of P15 billion in loan facilities from three major Philippine banks—BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), and Rizal Commercial Banking Corp. (RCBC). 

Razon’s Prime Infra finalizes deal to buy 60% of First Gen gas units

Energy & Mining Context.ph Context.ph -
First Gen Corp., the listed power generation arm of the Lopez Group, has finalized a deal to sell a 60 percent stake in its Batangas-based natural gas businesses to Prime Infrastructure Capital Inc., owned by tycoon Enrique Razon.

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

Energy & Mining 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. 
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