Monday, May 18, 2026
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Tag: Lopez Group

First Gen’s recurring income softened to $245m in 2024

First Gen Corp. of the Lopez Group on Friday reported a 12-percent decrease in attributable recurring net income for 2024 to $245 million (P14...

EDC awarded two geothermal concessions in Indonesia

Energy Development Corp. (EDC), the renewable energy arm of First Gen Corp. of the Lopez Group, was granted surface exploration and drilling rights, also...

First Gen readies plants conversion to hydrogen fuel

First Gen Corp. of the Lopez Group is preparing its natural gas plants to run on other emission free-fuel such as hydrogen once it...

ThermaPrime buys 3 rigs for geothermal expansion

ThermaPrime Drilling Corp. (ThermaPrime), the Philippines’ leading geothermal well drilling company owned by the Lopez Group, is expanding operations by acquiring three more rigs...

First Gen budgets $1.27b for 2024 capital spending

First Gen Corp. of the Lopez Group is allocating $1.27 billion for 2024 capital expenditures (capex), with the bulk going to its geothermal unit...

Lopez firms renews pact on Verde Island

The Lopez Group reaffirmed its commitment as a corporate steward the Verde Island Passage, one of the world’s most diverse marine ecosystems. The power producer...

Lopez Group vows to help protect Verde Island Passage

Power producer First Gen Corp. (First Gen) and the ABS-CBN Foundation, both of the Lopez Group, on Thursday signed a memorandum of understanding with...

First Gen booked $81-m recurring net income in first three months

First Gen Corp. of the Lopez Group on Wednesday reported a 9-percent decline in attributable recurring net income to $81 million (P4.5 billion) in...

First Gen unit, Prime Infra sign MOU on LNG terminal

FGEN LNG Corp. of the Lopez Group and Prime Infrastructure Capital Inc. of businessman Enrique Razon Jr. signed Thursday a memorandum of understanding for...

First Gen registered 52% increase in Q1 recurring net income to $89m

The Lopez Group‘s clean and renewable energy provider First Gen Corp. on Tuesday reported a 52-percent increase in recurring net income in the first...

First Gen joins global shift to net zero emissions

The call to mitigate climate change has been greatly amplified in recent years and the Philippines is joining the global energy transition to net...

Sky Cable to end pay TV business as PLDT readies P6.75-b takeover

The Lopez Group is selling Sky Cable Corp. to PLDT Inc. for P6.75 billion, six months after both companies agreed to terminate the transaction. ABS-CBN...

EDC gets clearance to conduct system impact study on 6 wind power projects

The Department of Energy issued clearance to six wind power projects of the Lopez Group’s Energy Development Corp. to conduct a system impact study. The...

Lopez Group buys MSA-PH to expand healthcare business

First Philippine Holdings Corp., a listed company under the Lopez Group, acquired the local subsidiary of Medical Services of America Inc., a provider of...
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