News
First Gen Income Up 46% to $220 Million
November 15, 2019
EMANILA, Philippines — Lopez-led First Gen Corp. reported a 46 percent jump in its net income in the first nine months of 2019, driven by higher electricity sales from its clean fuel platforms.
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Order and Notice of Public Hearing Case No. 2019-082 RC
November 14, 2019
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First Gen Holds Tree Planting in Masungi Georeserve Area
October 21, 2019
Employees of Lopez-led First Gen Corp. recently conducted a tree planting at the Masungi Georeserve in Baras, Rizal, as part of efforts to rehabilitate the reservation area.
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Siemens, First Gen Explore Tech Solutions
October 19, 2019
German industrial giant Siemens AG is dangling modular-schttps://business.mb.com.ph/2019/10/19/siemens-first-gen-explore-tech-solutions/le gas turbines that can be deployed for the provision of reliable electricity access in many of the Philippines’ island-grids or for industrial end-users opting for distributed generation type of solutions.
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First Gen Plans to Lease Floating Storage Regas Unit for LNG by Q1
October 7, 2019
FIRST GEN Corp. targets to lease a floating storage regasification unit (FSRU) for liquefied natural gas (LNG) early next year when it has determined the volume that it needs to import fuel to existing power plants and potential capacity expansion, its top official said.
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Siemens Solutions Sought on Life Cycle Extension of First Gen Plants
September 27, 2019
Solutions are being sought from German industrial giant Siemens AG on how the first gas-fired power plants of First Gen Corporation would be able to extend their life cycles as well as improve future reliability on their generation so they could serve customers for even longer duration.
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First Gen in Discussion with at least 20 Suppliers
September 25, 2019
FIRST GEN Corp. is in talks with at least 20 suppliers of liquefied natural gas (LNG) and may consider among the options Tokyo Gas Co., Ltd., one of the oldest companies in the business, with which it is jointly building a receiving terminal for the imported fuel, a company official said.
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First Gen in Talks with Siemens Over Plant Upgrade
September 24, 2019
First Gen Corp. of the Lopez Group is in talks with global energy powerhouse Siemens AG and other companies for the company’s planned 1,200-megawatt natural gas plant expansion.
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FGen, EDC Plants to Supply Power to Meralco
September 20, 2019
Four power plants of First Gen Corporation and its subsidiary Energy Development Corporation (EDC) will be supplying the 100-megawatt capacity that the Lopez group has committed in its power supply agreement (PSA) with the Manila Electric Company.
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First Gen Talking to Suppliers as it Fast-tracks LNG Terminal
September 5, 2019
FIRST GEN Corp. is in talks with various gas suppliers and buyers, following its announcement that it has chosen Japan’s JGC Corp. as its engineering, procurement and construction (EPC) contractor for its liquefied natural gas (LNG) terminal project in Batangas City.
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First Gen Looking to Expand Reach of FSRU to Visayas, Mindanao
September 5, 2019
FIRST GEN Corp. is looking to expand the reach of its planned floating storage regasification unit (FSRU) for natural gas to the provinces, including those in the Visayas and Mindanao, a company official said on Wednesday.Monday.
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Notice of Hearing ERC Case No. 2019-051 RC
September 3, 2019
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First Gen Picks Japanese Firm as EPC Contractor for LNG Terminal
September 3, 2019
FIRST GEN Corp. has chosen Japan’s JGC Corp. to handle the engineering, procurement and construction (EPC) of its liquefied natural gas (LNG) terminal project in Batangas City, the Lopez-led company said on Monday.
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First Gen Building Pumped-Storage to Boost Capacity of Pantabangan Plant
August 26, 2019
First Gen Corp. is developing a pumped-storage facility to increase the capacity of the 132-megawatt Pantabangan-Masiway hydro plant in Nueva Ecija by another 100 MW.
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Power Sales Fuel First Gen Q2 Profit Surge
August 16, 2019
FIRST GEN Corp. increased its net income attributable to equity holders of the parent firm by 87.4% to $84.67 million in the second quarter, as the Lopez-led company recorded a strong growth in its power sales.
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First Gen LNG Project Declared of National Significance
August 9, 2019
The liquefied natural gas (LNG) terminal of Lopez-led First Gen Corp. was declared an energy project of national significance (EPNS) by the Energy Investment Coordination Council (EICC) of the Department of Energy (DOE).
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Philippine Company Banks on Green Energy to Fight Global Climate Change
April 25, 2018
A local power-generating company has focused on growing its resources to further its goal of providing clean energy to Filipinos.
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First NatGas to Supply Meralco’s 24/7 Power
March 12, 2018
A wholly-owned subsidiary of First Gen Corporation will supply the Manila Electric Company (Meralco) with 414 megawatts (MW) of power capacity for P3.7 per kilowatt hour (kWh).
Who says renewable energy will make power grids unstable?
March 4, 2018
There’s a revolution happening in the world today with many powerful vectors converging to change the energy industry as we know it. I’m quite excited by it because if we’re able to seize them and ride the wave, we have a golden opportunity to leapfrog and build a power industry that’s truly for the 21st century.
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EDC is only Philippine firm in Carbon Clean 200
February 20, 2018
MANILA – The Lopez Group’s Energy Development Corp said Tuesday it was listed among the world’s 200 biggest publicly-listed companies that earn significantly from renewable energy.
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Notice of Hearing – ERC Case No. 2017-077 RC
December 19, 2017
Please click here to download PDF.
The Lopez Achievement Awards
November 2015
Established in 2002, the Lopez Achievement Awards (LAA) is an annual search for exemplary accomplishments of teams and individuals within the Lopez Group of Companies that have contributed to business objectives and at the same time demonstrated the Group’s core values.
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MANILA BULLETIN: First Gen income up 17% to USD50.5M
May 19, 2015
Higher earnings posted by its geothermal assets and cash stream from new capacities have propped the net income of Lopez-owned First Gen Corporation by 17 percent to USD50.5 million in the first quarter from last year’s USD42.9 million.
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PHILIPPINE STAR: First Gen to boost hydropower portfolio
May 18, 2015
First Gen Corp., the Lopez-owned power producer, will continue to build its portfolio of hydropower alongside the growth of its natural gas, geothermal and solar capacities.
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STANDARD: First Gen readies LNG hub
May 14, 2015
First Gen Corp. will choose its joint venture partner for the -billion liquefied natural gas regasification terminal in Batangas this year, in time for the start of the construction in 2016, company executives said Wednesday.
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MANILA BULLETIN: First Gen’s board gets fresh mandate from stockholders
May 14, 2015
Members of the board of First Gen Corporation, led by Chairman and CEO Federico R. Lopez (4th from left), pose for a group photo right after they were reelected by stockholders during the company’s annual stockholders’ meeting on May 13, 2015. Also reelected are (from left): Jaime I. Ayala; Richard B. Tantoco; President and COO Francis Giles B. Puno; Chairman and CEO Federico R. Lopez; Elpidio L. Ibanez; Peter D. Garrucho and Tony Tan Caktiong. Eugenio Lopez III (not in photo) was likewise reelected. First Gen is the country’s leading clean and renewable energy company with 2,942 megawatts in installed capacity, as of Dec. 31, 2014.
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MANILA BULLETIN: ERC okays Avion’s grid connection
April 30, 2015
The Energy Regulatory Commission (ERC) has approved the Lopez group’s bid for interim connection of its greenfield 100-megawatt Avion power plant which it targets to advance to commercial commissioning June this year.
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PHILIPPINE DAILY INQUIRER: USD6.7-M Avion transmission link OKd
March 30, 2015
A First Gen Corp. subsidiary is undertaking a transmission project to enable upcoming power stations in the Lopez Group’s gas-fired generation plant complex in Batangas to supply the Luzon grid.
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PHILIPPINE STAR: First Gen earnings surge 64% to USD193M in 2014
March 14, 2015
Lopez-owned power generation company First Gen Corp. reported a 64-percent increase in its 2014 net income to USD193.2 million from 8 million the prior year.
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PHILIPPINE DAILY INQUIRER: First Gen scouting for foreign partners, loans for USD1-B liquefied natural gas project
March 07, 2015
First Gen Corp. of the Lopez group is getting ready to proceed with its USD1-billion liquefied natural gas (LNG) terminal project in Batangas as it talks to European and Japanese firms for partnership.
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MANILA BULLETIN: First Gen income up 38% to USD162.8M in first 9 months
November 19, 2014
A destructive typhoon and lower revenues from its hydro assets may have ignited slight operational drawbacks, but Lopez-owned First Gen Corporation still managed to pull its net income on the upside, having logged a substantial 37.7-percent growth to USD162.8 million in the first nine months from last year’s comparative figure of USD118.2 million.
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PHILIPPINE STAR: First Gen unit inks supply deal with Slovakian contractor
August 05, 2014
First Gen Corp., through its wholly-owned subsidiary Prime Meridian Powergen Corp. (PMPC), said it has executed supply contracts with the Istroenergo Group (IEG) for the 97-megawatt Avion open cycle natural gas-fired power plant in Batangas.
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