Lopez-led First Gen Corp. (First Gen) posted a recurring net income of P9 billion in the first semester, up by 30 percent from last year’s P7 billion, due to the strong performance of its subsidiary, Energy Development Corp. (EDC). “It was EDC that mainly delivered higher earnings as a result…
First Gen Corp.’s newest hydroelectric power asset is key to expanding the Lopez-led firm’s renewable energy (RE) portfolio, company officials said last week. Fresh River Lakes Corp. (FRLC), a subsidiary of First Gen, won in the recent competitive bidding of the 165-megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). First Gen…
MANILA/SINGAPORE (Reuters) - With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas (LNG), creating a fresh headache for a government struggling to curb high inflation. | 03:33am
With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas (LNG), creating a fresh headache for a government struggling to curb high inflation.