First Gen cuts hydropower stake to 33% in revised Prime Infra deal

MANILA, Philippines – Lopez-led First Gen Corporation has scaled down its planned hydropower investment with Prime Infrastructure Capital Inc., while retaining contentious provisions now at the center of a family feud. From an earlier 40-percent deal, First Gen will now take only a 33-percent stake in Prime Infra’s pumped storage portfolio.   READ:lopez-feud-first-gen-explains-nitty-gritty-of-razon-hydro-deal In a disclosure