First Gen Corp.

Type: Company
Name: First Gen Corp. (First Gen Corp)
First reported 9 hours ago - Updated 2 hours ago - 2 reports

DOE readies new fuel mix policy

MANILA, Philippines - The Department of Energy (DOE) is working to diversify the country’s sources of energy through a new fuel mix policy.Energy Secretary Carlos Jericho Petilla said “the fuel mix is already out. It’s going to be non-firm (or not mandated). ... [Published Philippine Star - 2 hours ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

PSEi continues to recover

Energy Development Corp. (+3.59 percent) led the PSEi gainers alongside Ayala Corp. (+2.28 percent). BDO Unibank, Universal Robina Corp., First Gen and Aboitiz Power also rose more than 1 percent while Ayala Land, Emperador, Metrobank and BPI also contributed ... [Published Philippine Daily Inquirer - 3 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

First Gen to Add 30% Capacity as Philippine Power Shortage Looms

First Gen Corp., the Philippines’ best-performing stock this year, is developing gas and renewableenergy to boost capacity by about 30 percent as growing demandthreatens power shortages next summer.The pace of economic expansion in Southeast Asia’s fastest-growing ... [Published Bloomberg - 16 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

Adjustment in maintenance not enough to avert power shortage next summer

MANILA, Philippines - The consortium behind the deep water gas-to-power Malampaya project will not be able to move its maintenance schedule before or after the summer months but the operators of the 735-megawatt Pagbiglao coal-fired power plant in Quezon ... [Published Philippine Star - 23 hours ago]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Stocks close flat; Globe, PLDT drop 3 minutes ago

The stock market closed virtually flat Monday in cautious trading as investors weighed the prospects of higher interest rates in the US.The Philippine Stock Exchange index rose minimally by 4.06 points, or less than 0.1 percent, to 7,265.36 on a value ... [Published Manila Standard Today - Sep 29 2014]
First reported Sep 28 2014 - Updated Sep 28 2014 - 1 reports

EDC considering expansion of Negros geothermal plant

"We are studying (a potential expansion). It will take a year to finalize the plans," Richard B. Tantoco, EDC president and chief operating officer, told reporters on the sidelines of the inauguration of the Nasulo power project.Mr. Tantoco said the company ... [Published Business World - Sep 28 2014]
First reported Sep 28 2014 - Updated Sep 28 2014 - 1 reports

Piki reminisces prawn business

Few people know that the foray of Federico “Piki” Lopez into the power industry in the Visayas was brought about by a fortuitous event.Lopez, chairman of First Gen Corp. of the Lopez Group, last week shared an old passion with guests of the Nasulo geothermal ... [Published Manila Standard Today - Sep 28 2014]
First reported Sep 28 2014 - Updated Sep 28 2014 - 1 reports

FGen adding 380MW supply before summer 2015

Share this:The power generation units of the Lopez group are treading well on the solution path for next year’s anticipated supply shortfall as they will be bringing in additional 380 megawatt capacity that would be beneficial for both Luzon and Visayas ... [Published Manila Bulletin - Sep 28 2014]
First reported Sep 26 2014 - Updated Sep 26 2014 - 1 reports

PH shares dragged by Wall St loss, profit-taking

6:47 pmPhilippine stocks retreated in the wake of a 200-point drop in the Dow Jones average overnight, with additional technical pressure for a correction on the local market after recent highs weighing on trading.Overnight, the Dow suffered a 264.26-points ... [Published Manila Times - Sep 26 2014]
First reported Sep 25 2014 - Updated Sep 26 2014 - 1 reports

Govt readies bidding of reserve natural gas

The government will likely bid out banked gas or unused Malampaya natural gas that can generate up to 300 megawatts within the year, a member of the Malampaya consortium said Thursday.Sebastian Quinones, managing director of Shell Philippines Exploration ... [Published Manila Standard Today - Sep 25 2014]
First reported Sep 03 2014 - Updated Sep 04 2014 - 3 reports

GE supplies gas turbine for Philippines power plant

GE ( NYSE: GE ) will supply its jet engine-based aeroderivative gas turbines to power First Generation Corp.’s (First Gen) 97-MW Avion power plant in the Philippines.Under First Gen unit Prime Meridian Powergen Corp., the power plant will utilize Malampaya ... [Published Power Engineering - Sep 04 2014]
First reported Sep 02 2014 - Updated Sep 03 2014 - 2 reports

FIRST GEN : GE's Distributed Power Gas Turbine Technology 'Lands' for the First Time in the Philippines

MANILA, Philippines , Sept. 2 -- General Electric issued the following news release:GE (NYSE: GE) today announced its jet engine-based aeroderivative gas turbines have been chosen to power First Generation Corporation's ( First Gen ) Avion power plant ... [Published 4 Traders - Sep 03 2014]

Quotes

"The DOE considers LNG as a realistic option to support our power generation," Monsada said. "But it is clear we need some critical infrastructure, such as import terminals, power plants and pipelines."
For the BacMan project, the same official noted: "We are bringing online the full 130 MW of power before the 2015 supply shortage."
...the growing energy needs of the Philippines with our distributed power technology," said GE Philippines chief executive officer Jocot de Dios. "We are very grateful to First Gen for choosing the GE LM6000 gas turbine for the Avion project, and we are confident that our technology, which has been servicing many customers globally in different applications, will provide the perfect fit to the country's pressing power needs."
...  Villasper added, "As the Philippines has matured and the base load needs were addressed, there is now a focus to cater to the peak loads of the system, and our aero gas turbines are designed for such use."

More Content

All (80) | News (77) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
DOE readies new fuel mix policy [Published Philippine Star - 2 hours ago]
PSEi continues to recover [Published Philippine Daily Inquirer - 3 hours ago]
Philippines eyes more natural gas imports [Published ABS-CBN News - 9 hours ago]
First Gen to Add 30% Capacity as Philippine Pow... [Published Bloomberg - 16 hours ago]
Adjustment in maintenance not enough to avert p... [Published Philippine Star - 23 hours ago]
Stocks close flat; Globe, PLDT drop 3 minutes ago [Published Manila Standard Today - Sep 29 2014]
EDC considering expansion of Negros geothermal ... [Published Business World - Sep 28 2014]
Piki reminisces prawn business [Published Manila Standard Today - Sep 28 2014]
FGen adding 380MW supply before summer 2015 [Published Manila Bulletin - Sep 28 2014]
EDC turns on geothermal plant [Published Manila Standard Today - Sep 26 2014]
PH shares dragged by Wall St loss, profit-taking [Published Manila Times - Sep 26 2014]
Govt readies bidding of reserve natural gas [Published Manila Standard Today - Sep 25 2014]
Market advances for 3rd straight day 4 minutes ago [Published Manila Standard Today - Sep 18 2014]
Mart extends rally; Ayala, Puregold up 3 minute... [Published Manila Standard Today - Sep 17 2014]
Is There A Right Price For Carbon? [Published Ecosystem Marketplace - Sep 15 2014]
GENERAL ELECTRIC : GE pioneers gas turbine tech... [Published 4 Traders - Sep 14 2014]
DOE identifies add’l 200-MW power supply [Published Yahoo Philippines News - Sep 14 2014]
Meet the movers and shakers of Asia’s thriving ... [Published Asian Power - Sep 12 2014]
GE Sprint gas turbines to power 97 MW plant in ... [Published Turbomachinery International Magazine - Sep 11 2014]
‘Buy generators now, avert brownouts in March’ [Published Manila Times - Sep 11 2014]
Luzon grid power supply still critical [Published Philippine Department of Energy - Sep 10 2014]
‘BIR memo to cause capital flight’ [Published Business Mirror - Sep 08 2014]
Mindanao to get 580 MW add'l power next year [Published Sun Star Network - Sep 07 2014]
GE supplies gas turbine for Philippines power p... [Published Power Engineering - Sep 04 2014]
Philippines : GE s Distributed Power Gas Turbin... [Published Street Sweeper - Sep 04 2014]
GE Sprints Into The Philippines [Published Diesel & Gas Turbine Worldwide - Sep 03 2014]
FIRST GEN : GE's Distributed Power Gas Turbine ... [Published 4 Traders - Sep 03 2014]
GENERAL ELECTRIC : GE’s Distributed Power Gas T... [Published 4 Traders - Sep 02 2014]
PH shares rise for 2nd straight day [Published ABS-CBN News - Sep 02 2014]
Romanticizing emergency powers: Is it the only ... [Published Manila Bulletin - Aug 31 2014]
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