First Gen – Winnergy Holdings Corp.

Meralco-First NatGas power supply deal gets ERC go signal

THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an “interim relief” that sets certain conditions. “In the event that the final rate is higher than that granted in the interim, the resulting additional charges shall be…

First Gen restores quake-hit Batangas facility

First Gen Corp said Wednesday it restored one of two facilities that connect its natural gas plants to the national grid, less than two weeks after the Batangas earthquake. Unit 60 of the San Lorenzo Switchyard was “resynchronized to the grid and has resumed operations” while Unit 50 will be restored “in the coming days,”…

First Gen nets record $200 M in 2016

Lopez-led First Gen Corp. managed to post record earnings in 2016 despite a drop in revenues due to cost-saving measures across its power generation businesses as well as the receipt of damages and insurance claims from two of its assets. First Gen disclosed yesterday its net income amounted to $200 million last year, 19 percent…

Philippines urged to come up with energy mix soon

Coming up with an energy mix policy should be among the priorities of the Philippine government in order to shield consumers from price surges affecting specific power plant fuels like coal, Lopez-led First Gen Corp.’s top official said. The call was made as prices of coal, the dominant fuel for Philippine power plants, have turned…

First Gen clean energy plants can lower consumer electricity bills–group

Two new plants in Batangas generate clean energy that can lower the bills of Manila Electric Company Meralco subscribers and in turn help grow the manufacturing industry, an electronics group said Friday. Two facilities in Santa Rita, a 414-megawatt MW San Gabriel combined-cycle plant and a 97-MW Avion open cycle natural gas-fired plant, were inaugurated…

First Gen eyes foreign partners for LNG terminal

FIRST GEN Corp. is offering up to 40% of its proposed $1-billion liquefied natural gas (LNG) regasification terminal in Batangas City to prospective investors, the head of the Lopez-led company said on Thursday. “We are going through a partner selection process. We have very good names in the shortlist. We’re talking to Japanese and European…

First Gen says Santa Rita plant repairs finished by October

First Gen Corp. said a damaged unit of its natural gas-fired Santa Rita plant will resume operations by October following repairs. The main transformer of Unit 20, which has a nominal capacity of 250MW compared to the facility’s 1,000MW capacity, will be replaced after an inspection found it had damaged components, the power generator told…

ERC fines Keilco Ilijan, Masiway, Palawan Power

THE Energy Regulatory Commission (ERC) has fined Keilco Ilijan Corp. for the late filing of the renewal of the certificate of compliance of its 1,436.5-megawatt (MW) Ilijan natural gas combined cycle power plant. In a decision, the ERC has given the company 15 days from the receipt of its decision to remit P50,000, representing half…

Lopez group raises funds for classrooms in Yolanda areas

The Lopez Group has raised P196 million to complete the construction of typhoon-resilient school rooms in areas hit by super Typhoon Yolanda and other recent disasters by September this year. The school rebuilding program covers the construction of 150 classrooms housed in 66 school buildings in 30 cities and municipalities in 11 provinces – Leyte, Eastern…

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