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FGen Q1 profit falls on decline in power sales

FGen Q1 profit falls on decline in power sales
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BDO, BPI lends ₧20Bfor Casecnan project

FIRST Gen Corp. (PSE: FGen) announced having acquired a P20-billion loan from local banks to finance its recently-acquired 165 megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). The Lopez-led power firm signed term-loan agreements with BDO Unibank Inc. and Bank of the Philippine Islands (BPI). FGen “intends to use the proceeds… ....

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