Tag: Prime Infra

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PCC green lights Prime Infra, First Gen deal

The Philippine Competition Commission (PCC) has cleared the planned energy deal with First Gen Corp., giving the power firms the regulatory go-ahead to form...

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

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.

Prime Infra commits to 2GW PSH completion under GEA3

Prime Infrastructure Capital Corp. (Prime Infra) affirmed the assured completion of its 2,000 MW pumped storage hydro (PSH) projects awarded under the Department of Energy’s (DOE) third Green Energy Auction (GEA3), representing nearly one-third of the 6,680.887 MW capacity offered.

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

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.

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DOE commits to resolve Visayas power crisis, revises coal resource bidding rules

The Department of Energy is moving to stabilize the Visayas power supply after the grid returned to yellow and red alerts this week, just days after without any warnings.

ICTSI secures 10-year loan from BDO for global expansion

International Container Terminal Services Inc., or ICTSI, announced Tuesday it has secured a $1 billion, 10-year term loan from BDO Unibank Inc., with the company serving as sole borrower.

Saudi supply push spurs fuel price rollbacks next week

The Department of Energy says the run of steep fuel price increases will likely stop next week, with falling global trading prices driving the shift.

DENR launches Pinoy biotech hub

The Department of Environment and Natural Resources launched the Pinoy Biotech Hub today, a centralized digital platform linking Filipinos directly to local biotech solutions, collaborators, and innovations across agriculture, natural resources, and environmental management.

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