^
+ Follow FIRST GEN HYDRO Tag
FIRST GEN HYDRO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 838267
                    [Title] => EDC nets P5.7 B in first half
                    [Summary] => 

Lopez-led Energy Development Corp. (EDC) turned to profitability in the first half due to better operations of its power generation units.

[DatePublished] => 2012-08-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 807327 [Title] => First Gen looks to triple profit this year [Summary] =>

First Gen Corp., the power generation firm of the Lopez Group, is looking at a three-fold growth in profit this year, driven by higher electricity sales from its subsidiaries.

[DatePublished] => 2012-05-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1539221 [AuthorName] => Neil Jerome Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 717119 [Title] => First Gen profit drops 82% to $13.3M in H1 [Summary] =>

Lopez-owned First Gen Corp. registered an 82-percent drop in net earnings in the first semester to $13.3 million, from $74.9 million in the same period a year ago.

[DatePublished] => 2011-08-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 678146 [Title] => NGCP, First Gen unit sign 3-year power supply deal [Summary] =>

To ensure the reliability of power supply in the Luzon grid, the National Grid Corporation of the Philippines (NGCP) and First Gen Hydro Power Corp. have entered into a three-year supply agreement.

[DatePublished] => 2011-04-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 670313 [Title] => Phl power firm earnings in 2010 up 27% [Summary] =>

Philippine power firm First Gen Corp.'s profit in 2010 rose 27.4 percent to 121 million U.S. dollars thanks to strong revenues brought by its natural gas and geothermal energy businesses.

[DatePublished] => 2011-03-28 15:04:39 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [5] => Array ( [ArticleID] => 595706 [Title] => EDC net profit surges to P5.74 billion [Summary] =>

Lopez-owned Energy Development Corp. (EDC) more than doubled its net income in the first half of the year to P5.74 billion from P2.69 billion in the same period in 2009, the company said in a statement.

[DatePublished] => 2010-07-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 528187 [Title] => EDC to pay $123.8 million for 2 geothermal plants [Summary] =>

Energy Development Corp. (EDC), the country’s largest renewable energy company, will pay the Power Sector Assets and Liabilities Management Corp. (PSALM) $123.8 million for the purchase of two geothermal power plants.

[DatePublished] => 2009-12-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 45151 [Title] => First Gen hires Austrian firm  for Pantabangan rehab [Summary] => [DatePublished] => 2008-02-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 375707 [Title] => First Gen sets $100-M expansion of hydropower complex [Summary] => First Gen Corp., the investment arm of the Lopezes in power generation, is planning to pour in more than $100 million for the expansion and upgrade of its newly-acquired 112-megawatt (MW) Pantabangan-Masiway hydroelectric power complex.

First Gen vice chairman and CEO Peter Garrucho Jr. told reporters that the upgrade and modernization program would increase the capacity of the two power plants to 190 MW.
[DatePublished] => 2006-12-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 363442 [Title] => First Gen unit posts $2.58-M performance bond [Summary] => Lopez-controlled First Gen Corp. said its unit, First Gen Hydro Power Corp. has posted a performance bond of $2.58 million or two percent of its bid price of $129 million for the 112-megawatt (MW) Pantabangan-Masiway hydroelectric power plant complex in Nueva Ecija.

In a disclosure to the Philippine Stock Exchange, First Gen said the bond is intended to "guarantee the full, prompt, faithful and complete performance by First Gen Hydro of the buyer’s obligations under the asset purchase agreement covering the Pantabangan-Masiway power plants."
[DatePublished] => 2006-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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