First Gen eyes P25-B funding for Negros geothermal biz

MANILA, Philippines – First Gen Corp. is allotting up to P25 billion to optimize the group’s geothermal operations in Negros Oriental, including boosting the business with stronger power storage systems. Through its subsidiary Energy Development Corp. (EDC), a major player in the renewables space, the group sought the government’s clearance to amend its environmental compliance