PHILIPPINE DAILY INQUIRER: First Gen takes out P3.75-B loan to refinance debt
May 14, 2010
Lopez-led First Gen Corp. said Thursday its board of directors had approved the plan to take out a loan worth P3.75 billion.
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PHILIPPINE STAR: Lopez Group bags Bac-Man plants
May 06, 2010
Lopez-owned Bac-Man Geothermal Inc., won the bidding yesterday for the 150-megawatt (MW) Bacon-Manito geothermal power plants with its offer of .25 million.
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MANILA BULLETIN: First Gen pays P1.25 billion for EDC call option
April 28, 2010
First Gen Corporation paid P1.25 billion to three firms controlled by businessman Eusebio Tangco under call option agreements to buy additional shares in geothermal power unit Energy Development Corporation.
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PHILIPPINE STAR: First Gen boosts stake in EDC
April 22, 2010
First Gen Corp. has strengthened its hold on its geothermal unit, Energy Development Corp., with the purchase of additional shares worth P10.89 billion.
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MANILA BULLETIN: First Gen buys EDC shares for P1.68 billion
April 12, 2010
Lopez-owned First Gen Corporation has purchased 315 million common shares from affiliate Energy Development Corporation (EDC) for P5.35 per share or for a total transaction of P1.685 billion.
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PHILIPPINE STAR: First Gen mulls .5-billion power plant projects
March 24, 2010
First Gen Corp. is eyeing to spend around .5 billion for the expansion and construction of new power plants over the next three to five years.
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PHILIPPINE STAR: First Gen, Aboitiz, SMC keen on Ilijan power plant
January 30, 2010
Three of the biggest players in the country’s power sector — First Gen Corp. of the Lopez Group, Aboitiz Power Corp. (APC) — of the Aboitiz family and San Miguel Energy Corp. have all expressed interest to bid for the contracted capacity of the 1,200-megawatt Ilijan combined-cycle power plant.
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PHILIPPINE STAR: First Gen pays off debts with stock rights proceeds
January 28, 2010
Lopez-owned First Gen Corp. has used up over half, or P7.87 billion, of the P14.9-billion proceeds from its rights offering to pay off debts.
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MANILA BULLETIN: First Gen offers Pantabangan plant for NGCP’s ancillary service needs
January 27, 2010
With power system reliability becoming a concern in the grid, First Gen Hydro is offering the capacity of its 100-Pantabangan hydropower facility for the ancillary service needs of system operator National Grid Corporation of the Philippines.
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PHILIPPINE STAR: First Gen to list P15-billion rights offer
December 10, 2009
First Gen Corp., the power generation unit of the Lopez Group, has set the listing of its P15-billion rights offer on Jan. 22, 2010.
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