First Gen Corp.

Type: Company
Name: First Gen Corp. (First Gen Corp)
First reported 1 hour ago - Updated 1 hour ago - 1 reports

Stocks end flat

The local stock market was flat Friday, the last trading day before the so-called “ghost month,” alongside lackluster regional markets.The Philippine Stock Exchange index (PSEi) shed 0.34 point to close at 6,889.55. For the week, the local stock barometer ... [Published Philippine Daily Inquirer - 1 hour ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

Emergency powers to let PSALM enter into supply contracts

Hits: 6The emergency powers being recommended by the Department of Energy (DOE) for President Aquino shall mandate the debt-ridden Power Sector Assets and Liabilities Management Corporation (PSALM) to enter into power supply contracts for capacities that ... [Published Philippine Department of Energy - 3 hours ago]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

HSF deepens Asia infrastructure and projects team

Herbert Smith Freehills has added another partner to its Asia infrastructure and projects team with the relocation of partner Matthew Osborne from Melbourne to Singapore.Matthew has over 15 years’ experience in South East Asia and Australia across a range ... [Published Herbert Smith LLP - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Resilience in the face of natural disasters

Share this:Today the Philippines is ranked as the third most disaster-prone country in the world. An average of 25 typhoons hit the Philippines each year, taking a devastating toll on the country in terms of both property loss and human life. Since typhoons ... [Published Manila Bulletin - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 4 reports

San Lorenzo gas plant resumes operation

Share this:The 500-megawatt San Lorenzo gas fired power plant of First Gas Power Corporation has been synchronized back to the grid on Monday, the operator firm has announced.The Lopez company, in a disclosure to the Philippine Stock Exchange (PSE), has ... [Published Manila Bulletin - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

How to make power lines disaster-proof? Put them underground

Thousands of power lines and facilities were knocked down by Typhoon Glenda, thus the energy department is considering the idea of relocating them undergroundUNDERGROUND. The Department of Energy is also seriously looking at the possibility of relocating ... [Published Rappler - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Buying in select stocks help PSEi pare losses

Share prices on the Philippine Stock Exchange inched lower Tuesday on mounting concerns over the geopolitical tension in Ukraine, but buying in select stocks helped the trim losses registered earlier in the session. The benchmark PSEi shed 4.94 points ... [Published GMA News Online - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Luzon grid gets more power as 2 First Gen plants go back online nearly a week after 'Glenda'

InterAksyon.com means BUSINESSMANILA - First Gen Corp has brought back its two natural gas plants in Batangas online after the facilities were cut off from the Luzon grid by Typhoon Glenda.In a disclosure to the Philippine Stock Exchange, the Lopez-controlled ... [Published Interaksyon - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

NIA stops anew water release from Pantabangan Dam

CABANATUAN CITY, Philippines – The National Irrigation Administration (NIA) has again stopped releasing water from the Pantabangan Dam, although its water level climbed to almost 180 meters yesterday.The dam’s water level was at 179.04 meters as of yesterday, ... [Published Philippine Star - Jul 21 2014]
First reported Jul 20 2014 - Updated Jul 20 2014 - 1 reports

Stricter scrutiny of power firms’ insurance cover urged

Share this:Electricity consumers are always at the “collateral damage end” of recurring blackouts – even those caused by collapse or shutdown of power facilities on natural calamity-induced damage to their equipment.The “missing link” to all these, however, ... [Published Manila Bulletin - Jul 20 2014]
First reported Jul 19 2014 - Updated Jul 19 2014 - 1 reports

Glenda's rains not enough for Pantabangan to resume power generation

InterAksyon.comThe online news portal of TV5CABANATUAN CITY, Nueva Ecija -- Rains brought by typhoon Glenda increased the water level at Pantabangan Dam by more than a meter but this still fell short of what First Gen Hydro Power Corporation needs to ... [Published Interaksyon - Jul 19 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

Plant shutdowns stretch brownouts to 6 hours

Share this:Power plants on scheduled and forced outages had stretched rotating blackouts up to six hours on Friday within the franchise area of the Manila Electric Company (Meralco), causing even deeper desperation to electricity consumers.The utility ... [Published Manila Bulletin - Jul 18 2014]

Quotes

"Unit 40 was returned to operation after completion of installation and commissioning of the new replacement transformer" First Gen said
...“We issued a zero coupon convertible bond last year so we do have options for cheaper funding costs,” said a source at ASE. "But the good PR is a major draw and we take a lot of importance in our identity as an environmentally conscientious company.”"
Commenting on the completion of the financing deal, Markus Scheer, a member of the KfW Ipex-Bank management board, says: "This project is an example of successful exporting of German high technology with added value: after completion, San Gabriel will be the most efficient combined cycle gas-fired power plant not only in the Philippines but in the rest of Southeast Asia, a real showcase project for the energy market in the whole region. Thus, key German technologies are helping to relieve the burden on the environment.”"
"By sector, the main source of weakness came from the manufacturing sector" J P Morgan economist Sin Beng Ong said in a note, warning that tighter monetary conditions, stricter immigration and macroprudential policies and a more...

More Content

All (110) | News (107) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
Stocks end flat [Published Philippine Daily Inquirer - 1 hour ago]
Emergency powers to let PSALM enter into supply... [Published Philippine Department of Energy - 3 hours ago]
HSF deepens Asia infrastructure and projects team [Published Herbert Smith LLP - Jul 23 2014]
Resilience in the face of natural disasters [Published Manila Bulletin - Jul 23 2014]
San Lorenzo gas plant resumes operation [Published Manila Bulletin - Jul 22 2014]
Luzon gets more power as First Gen’s 2 plants b... [Published Manila Times - Jul 22 2014]
How to make power lines disaster-proof? Put the... [Published Rappler - Jul 22 2014]
Buying in select stocks help PSEi pare losses [Published GMA News Online - Jul 22 2014]
Deals - 22 July 2014 [Published In House Community - Jul 22 2014]
First Gen: Update on Santa Rita and San Lorenzo... [Published Business World - Jul 22 2014]
Luzon grid gets more power as 2 First Gen plant... [Published Interaksyon - Jul 22 2014]
Santa Rita, San Lorenzo plants resume operations [Published ABS-CBN News - Jul 22 2014]
NIA stops anew water release from Pantabangan Dam [Published Philippine Star - Jul 21 2014]
Stricter scrutiny of power firms’ insurance cov... [Published Manila Bulletin - Jul 20 2014]
Glenda barely improves Pantabangan Dam’s water ... [Published Philippine Star - Jul 19 2014]
Palace: Power back soon [Published Manila Standard Today - Jul 19 2014]
Glenda's rains not enough for Pantabangan to re... [Published Interaksyon - Jul 19 2014]
Outages surprise north Luzon folk [Published Philippine Daily Inquirer - Jul 18 2014]
EDC bonds still highest rated [Published Philippine Daily Inquirer - Jul 18 2014]
Plant shutdowns stretch brownouts to 6 hours [Published Manila Bulletin - Jul 18 2014]
Asia finally opens to green bonds as ASE launch... [Published GlobalCapital - Jul 17 2014]
KfW Ipex-Bank finances top power plant [Published Global Trade Review - Jul 17 2014]
NE eyed as site for mini-hydro power plants [Published Punto! Central Luzon - Jul 14 2014]
Thailand Shares at More Than 12-Month High [Published 4 Traders - Jul 14 2014]
ABS-CBN Lingkod Kapamilya, First Gen tie up for... [Published Philippine Star - Jul 12 2014]
KfW lends $265m to First Gen [Published Manila Standard Today - Jul 11 2014]
KfW funds First Gen's San Gabriel gas-fired pow... [Published Business World - Jul 11 2014]
First Gen taps $265-M credit facility for San G... [Published Philippine Star - Jul 11 2014]
First Gen unit secures $265-M credit line for p... [Published Philippine Daily Inquirer - Jul 11 2014]
First Gen subsidiary gets $265-M loan [Published Manila Bulletin - Jul 11 2014]
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