First Gen Corporation
First Gen is a leading independent power producer in the Philippines that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. The Company has 3,495MW of installed capacity in its portfolio, which accounts for 19% of the country’s gross generation.
See below for the Latest First Gen News, Analysis, Profit Results, Share Price Information, and Commentary.
First Gen continues development of 1.2 GW natural gas project
It aims to reach 13 GW of total capacity in the next six years.
First Gen continues development of 1.2 GW natural gas project
It aims to reach 13 GW of total capacity in the next six years.
First Gen's net income up 4% to $277m in 2023
This is despite a 7% decline in revenue.
First Gen awards LNG cargo contract to Trafigura
This came following to completion of an international tender.
First Gen subsidiary wins bid for Casecnan hydropower plant
The 165MW hydroelectric power plant is located in Nueva Ecija.
Philippines’ First Gen posts 52% net income growth
Its attributable recurring net income stood at US$89m.
Philippines’ First Gen posts 5% recurring net income growth
Its net income stood at US$265m.
First Gen’s net income down 8% YoY to $194m in first 9 months
The result was due to lower earnings in natural gas.
First Gen unveils LNG storage unit ‘BW Batangas’ in the Philippines
It will provide for the company’s gas-fired power plants.
Philippines’ First Gen net income drops 13% in H1
This is despite a 21% growth in revenue.
First Gen income slips to $78m in Q1
The company linked this to a decline in its natural gas and geothermal platforms.
First Gen’s earnings flatten in 2021
The company earned US$252m in recurring net income during the year.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. Australia launches largest renewable energy tender 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. REDC to develop 320 MW seawater pumped storage hydropower projectAwards
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