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Lopez-led First Gen Corporation has inked a 10-year time charter party with Danish firm Svitzer for the provision of towage and other vessel support services for the former’s interim liquefied natural gas (LNG) import facility.
In the deal that was signed with Lopez firm subsidiary FGEN LNG Corpor
Lopez-led First Gen Corporation recently said over that it plans to open the 1,200-megawatt (MW) Santa Maria natural gas power plant in Batangas either by..
Published May 26, 2021, 2:38 PM
FGP Corp., which is a subsidiary of Lopez-led First Gen Corporation, has inked a six-year US$308 million loan facility with four banks – the proceeds of which will primarily be allocated to refinance debts funneled to its 500-megawatt San Lorenzo gas fired power plant; while the rest will be earmarked for expansion projects.
First Gen
The lenders in the new loan deal are Bank of the Philippine Islands, BDO Unibank Inc., Philippine National Bank and foreign bank Sumitomo Mitsui Banking Corporation – Singapore Branch.
“The proceeds from the initial drawdown on the loans will be primarily used to repay the amounts due on FGP’s existing debt of approximately US$164 million,” First Gen has stipulated in its disclosure to the Philippine Stock Exchange.
Published May 26, 2021, 2:51 PM
Uy-led firm Phoenix Petroleum Philippines Inc. has denied interest to buy the ‘banked gas’ of state-run Philippine National Oil Company (PNOC) that shall be extracted from the Malampaya field.
It was no less than PNOC President and CEO Reuben S. Lista who indicated that Phoenix Petroleum is among the firms that has standing offer for the banked gas, but the oil firm said that “statement is unconfirmed.”
In a disclosure to the Philippine Stock Exchange (PSE), Phoenix Petroleum further emphasized that “the company has no knowledge of any interest to purchase banked gas as of date of writing.”