Prime Infrastructure Capital Inc. said Tuesday it is strengthening its leadership team to accelerate growth across its water and energy businesses following its recent acquisition of a majority stake in First Gen Corp.’s (FGen) gas subsidiaries.
The transaction, which closed Monday, has prompted a major leadership alignment, including the appointment of new chief executives for its newly-acquired gas operations and its water business, Manila Water Company Inc.
Manila Water president and chief executive Jose Victor Emmanuel de Dios will transition to the role of president and CEO of Prime CoreGen, the subsidiary managing Prime Infra’s newly-acquired gas assets, effective Jan. 1, 2026.
Taking over the leadership of Manila Water will be chief administrative officer and chief operating officer for international business Roberto Jose Locsin. Locsin will become Manila Water president and CEO effective Dec. 31, 2025.
Prime Infra president and CEO Guillaume Lucci said the strategic leadership changes ensure the right team is in place to drive growth across the water and gas portfolio.
He said the focus remains on running strong operations and delivering essential infrastructure that supports the country’s development.
The acquisition gives Prime Infra control of four gas-fired plants—Santa Rita (1,000 MW), San Lorenzo (500 MW), San Gabriel (450 MW) and Avion (97 MW)—along with the proposed 1,200 MW Santa Maria plant and the Offshore LNG terminal.
De Dios brings extensive energy experience to his new role. From 2001 to 2004, he served as Undersecretary of the Department of Energy under then-President Gloria Macapagal-Arroyo, where he established the Natural Gas Office. He also chaired the Philippine National Oil Company – Exploration Corp. and previously served as chief executive of GE Philippines.
Locsin has been engaged with Manila Water since Prime Infra’s entry as a shareholder, leading systems implementation, opex rationalization and operational performance initiatives.
Before joining Manila Water, he was chief executive of Philippine growth terminals under global ports operator International Container Terminal Services Inc. (ICTSI). His expertise spans strategy development and execution, business transformation, mergers and acquisitions and cost optimization programs.
Prime Infra, a Razon-owned and controlled company, continues to grow its portfolio through the development and operations of critical infrastructure, contributing to the country’s energy security, grid stability and reliable supply.
