News

Staff Reporter

, Philippines

Published:

3 months ago

Photo by Uva Rova via Pexels

First Gen eyes lower 2025 capex

Majority may be used for EDC’s activities.

First Gen Corporation has announced it will be allocating $602.41m (PHP35 billion) for its capital expenditure (capex) next year.

In a bourse filing, the company confirmed that this will be lower than its 2024 allocation at $1.27b.

A chunk, or 90% of the capex will be allocated for Energy Development Corporation’s drilling activities and growth projects pending further evaluation and assessment by the company.

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First Gen Corporation

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