.png){kind=logo}
3 weeks ago
20
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
Aubrey Rose Inosante - The Philippine Star
March 13, 2026 | 12:00am
First Gen earlier disclosed in November that while delisting remains an option that could be considered in the future, it is not on the table in the near term.
STAR / File
MANILA, Philippines — Lopez-led First Gen Corp. is keeping its place in the local bourse for now, while looking to explore new gas-fired ventures with Prime Infrastructure Capital Inc.
President and COO Francis Giles Puno said the energy firm has “no plans” to exit from the Philippine Stock Exchange (PSE), where it has been listed since February 2006.
“The float is small, but having said that, there are no plans right now,” Puno told The STAR.
First Gen earlier disclosed in November that while delisting remains an option that could be considered in the future, it is not on the table in the near term.
After selling its majority stake in the gas business, the company is pursuing expansion plans in the sector with tycoon Enrique Razon Jr., Puno said.
”We want to expand the gas and then, of course, the hydro. Bear in mind, there are still expansion plans for gas. We’re hoping to build more gas plants because obviously is needed,” he said.
First Gen partnered with Prime Infra through a 40 percent stake in four gas-fired power plants with a total capacity of 2,017 megawatt (MW).
The company said these facilities support baseload requirements and help mitigate the intermittency of renewable sources, thereby contributing to a more stable and secure power supply.
“The hydroelectric plant is still under construction. The collaboration there will be finishing the power plant for the next three years,” Puno added.
The First Gen Group is acquiring a 33 percent stake in Prime Infra’s pumped-storage hydropower (PSH) portfolio.
This covers the 600 MW Wawa PSH project in Rizal and the 1,400 MW Ahunan PSH project in Laguna.
First Gen, the leading renewable energy producer in the country, has 1,700 MW of generating capacity from 30 hydro, geothermal, solar and wind facilities nationwide.
