First Gen Corp.

Type: Company
Name: First Gen Corp. (First Gen Corp)
First reported Aug 17 2014 - Updated Aug 18 2014 - 1 reports

DOE: No maintenance shutdown...

The scheduled shutdown of the Malampaya plant next year, however, can no longer be movedMANILA, Philippines – No power plants will be allowed to schedule their maintenance shutdown during the summer of 2015 to prevent shortage and power outages.The Department ... [Published Rappler - Aug 17 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

First Gen income up 32% in H1

Hits: 3MANILA, Philippines - Lopez-owned power generation First Gen Corp. company reported a 32 percent increase in its net income to $102.6 million in the first half of the year, from $77.7 million in the same period last year.The company traced the ... [Published Philippine Department of Energy - Aug 15 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 1 reports

FPH half-year net boosted by real estate, power

In its financial report submitted to the stock exchange, the Lopez-controlled holding company said gross revenue rose to P50 billion from P46.29 billion, while operating revenue rose to P48 billion from P45.29 billion.“Consolidated net income increased ... [Published Business World - Aug 14 2014]
First reported Aug 13 2014 - Updated Aug 14 2014 - 5 reports

First Gen earnings jump 32% to $102.6M

Hits: 2The rise in income contribution of its wholly-owned subsidiary has buoyed the net income of Lopez-owned First Gen Corporation to $102.6 million in the first half, about 32-percent higher from the previous year’s $77.7 million.The company primarily ... [Published Philippine Department of Energy - Aug 14 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 2 reports

EDC net surges 68.4% on forex gains, insurance

The Lopez-controlled company said on Wednesday that net profit hit P6.48 billion in the six months to June."Foreign exchange (forex) gains resulting from the volatility in peso-dollar exchange rates and receipt of insurance proceeds from damage to company ... [Published Business World - Aug 13 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 1 reports

Stocks end flat

Philippine Daily InquirerThe local stock market was flat Wednesday as investors were more cautious as the main index neared the 7,000 mark.The main-share Philippine Stock Exchange index (PSEi) added a meager 2.75 points or 0.04 percent to close at 6,986.24, ... [Published Philippine Daily Inquirer - Aug 13 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 1 reports

First Gen unit applies to link Avion to grid

In an order dated Aug. 4, the Energy Regulatory Commission said Prime Meridian Powergen Corp. (PMPC) sought authorization to develop, own and operate the Avion-Santa Rita (SR) transmission facility.PMPC’s Avion project -- which is intended to provide ... [Published Business World - Aug 11 2014]
First reported Aug 10 2014 - Updated Aug 11 2014 - 3 reports

Petilla: No need for Aquino to invoke emergency powers if…

…PSALM will be allowed to contract additional generation capacities to address the Luzon power crisis in 2015MANILA, Philippines – President Benigno Aquino III will no longer need to invoke emergency powers if the Power Sector Assets and Liabilities Management ... [Published Rappler - Aug 11 2014]
First reported Aug 09 2014 - Updated Aug 09 2014 - 1 reports

First Gen accelerates $500-M gas plant construction

Share this:Lopez firm First NatGas Power Corporation (FNPC) will be accelerating the construction of its second phase $500 million Santa Maria gas plant  to meet its targeted commercial commissioning by March 2017.“That’s another 414 megawatts. So construction ... [Published Manila Bulletin - Aug 09 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 3 reports

First Gen adding 414 MW to San Gabriel gas project

First Gen Corp. said Friday it will build another 414-megawatt natural gas plant in Batangas province that is expected to be operational by 2017.First Gen president Francis Giles Puno said the future plant, to be called Santa Maria power plant, will serve ... [Published Manila Standard Today - Aug 08 2014]
First reported Aug 05 2014 - Updated Aug 06 2014 - 3 reports

First Gen plans to expand Avion power project by 100 MW

Hits: 2First Gen Corp. said Tuesday it plans to build another 100-megawatt unit of the Avion open cycle natural gas-fired power plant in Batangas City to help the government augment power supply in Luzon next year.First Gen senior vice president Victor ... [Published Philippine Department of Energy - Aug 06 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 8 reports

First Gen unit inks supply deal with Slovakian contractor

MANILA, Philippines - 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 ... [Published Philippine Star - Aug 04 2014]

Quotes

DOE Secretary Carlos Jericho Petilla said some power firms will likely seek an exemption to the department's directive. "However, we will scrutinize them with utmost vigilance. The outlook for 2015 already considered this directive,” he said."
In a statement, EDC President and Chief Operating Officer Richard B Tantoco said: "We’re finally reaping some of the benefits of our revised rehab strategy for BacMan. The plants will contribute to our second half revenues starting end-August." -- Claire-Ann Marie C Feliciano
"Though we are currently incurring higher development expenses in pursuing our growth projects, the new 150-MW wind farm in Burgos, the 97-MW Avion and the 414-MW San Gabriel natural gas projects will start contributing higher revenues growth for First Gen in 2015 and 2016" First Gen President Francis Giles B Puno said in a statement
"Our portfolio delivered respectable numbers despite minor setbacks. BacMan generated electricity at full capacity for a few months but sustained some damage due to Typhoon Glenda. They are currently undergoing repair and we expect it to be operational in the second half with two new turbines from Japan. The Santa Rita and San Lorenzo gas plants are now delivering at full capacity with the replacement of the transformers of Unit 40 and 60. We are also expecting delivery of a spare transformer in September to reduce possible downtime in the future. Though we are currently incurring higher development expenses in pursuing our growth projects, the new 150 MW wind farm in Burgos, the 97 MW Avion, and the 414 MW San Gabriel natural gas projects will start contributing higher revenue growth for First Gen in 2015 and 2016" First Gen President Francis Giles B Puno said

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All (115) | News (112) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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‘Block auction’ for add’l Malampaya gas and PNO... [Published Manila Bulletin - Aug 18 2014]
DOE: No maintenance shutdown... [Published Rappler - Aug 17 2014]
Lopez Holdings income up 27% to P1.81B [Published Philippine Star - Aug 15 2014]
MAP favors ‘limited’ emergency powers for Aquin... [Published Philippine Department of Energy - Aug 15 2014]
First Gen income up 32% in H1 [Published Philippine Department of Energy - Aug 15 2014]
FPH half-year net boosted by real estate, power [Published Business World - Aug 14 2014]
Govt gets unsolicited advice on how to solve po... [Published Manila Times - Aug 14 2014]
First Gen earnings jump 32% to $102.6M [Published Philippine Department of Energy - Aug 14 2014]
DOE expects 560-MW capacity addition before 201... [Published Manila Bulletin - Aug 13 2014]
EDC net surges 68.4% on forex gains, insurance [Published Business World - Aug 13 2014]
First Gen profit up 46% on EDC [Published Business World - Aug 13 2014]
First Gen’s income rises 32% to $103m [Published Manila Standard Today - Aug 13 2014]
Stocks end flat [Published Philippine Daily Inquirer - Aug 13 2014]
PSEi buoyed by strong earnings [Published Manila Times - Aug 13 2014]
EDC H1 net income jumps 28% on energy sales [Published Manila Times - Aug 13 2014]
First Gen : reports 1H 2014 attributable net in... [Published 4 Traders - Aug 13 2014]
Geothermal, natural gas units boost First Gen's... [Published Interaksyon - Aug 13 2014]
First Gen unit applies to link Avion to grid [Published Business World - Aug 11 2014]
Petilla: No need for Aquino to invoke emergency... [Published Rappler - Aug 11 2014]
Petilla hints at PSALM lease deal with First Gen [Published Manila Bulletin - Aug 10 2014]
DoE seeks comment on power contracts [Published Business World - Aug 10 2014]
2-hour brownouts seen starting in March 2015 [Published Manila Bulletin - Aug 09 2014]
First Gen accelerates $500-M gas plant construc... [Published Manila Bulletin - Aug 09 2014]
First Gen adding 414 MW to San Gabriel gas project [Published Manila Standard Today - Aug 08 2014]
First Phl Holdings raises borrowing target to P6B [Published Philippine Star - Aug 08 2014]
First Holdings to raise P6B in bank loans [Published Philippine Daily Inquirer - Aug 08 2014]
First Gen readying follow-on project to San Gab... [Published Business World - Aug 08 2014]
First Gen to put up another natural gas plant i... [Published ABS-CBN News - Aug 08 2014]
House body doubts power supply shortfall [Published Manila Bulletin - Aug 07 2014]
Diablo looks to revolutionize memory with next ... [Published Channel Line - Aug 06 2014]
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