First Gen
Company description
First Gen Corporation (First Gen) is a leading power generation company in the Philippines with an installed capacity of 2,763 MW. First Gen's power generation portofolio utilizes indigenous clean and/or renewable fuels such as natural gas, water and geothermal steam.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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October 19, 2021
KKR completes investment in First Gen
KKR has acquired a 7.3% of common shares of First Gen Corporation that were tendered by shareholders of the company in the Philippines. The transaction has a total investment value of PHP8.68 bil...
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September 03, 2021
KKR to raise stake in First Gen Corporation
Global investment firm KKR & Co. Inc. plans to acquire an additional stake in First Gen Corp. after its affiliate, Philippines Clean Energy Holding Inc. made a tender offer for shares. Philippine...
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June 02, 2021
First Gen Corp secures US$308mn refinancing for 500 MW San Lorenzo natural gas-fired CCGT in Batangas City
FGP Corp., the subsidiary of First Gen Corporation, has secured a US$308 million that will mature in six years with local and foreign banks to repay its existing debt. The loan facility will be...
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March 24, 2021
First Gen shortlists two companies for FSRU provider of LNG hub in Batangas
First Gen Corp. through its unit, FGEN LNG Corp., is set to select between BW Gas Limited and Hoegh LNG Asia Pte. Ltd. as the company supplier of a floating storage regasification unit (FSRU) for its...
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July 06, 2020
KKR & Co enters agreement with First Gen Corp for the 11.9% stakes sale
Kohlberg Kravis Roberts (KKR & Co Inc) has entered into an agreement with the First Philippine Holdings Corporation for the sale of an 11.9% stakes in First Gen Corporation. KKR h...
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March 12, 2019
Philippines signs NTP to Batangas City LNG terminal
Philippine government has signed a notice to proceed (NTP) to build a liquefied natural gas (LNG) import terminal to be developed within the facility complex. The proposal was submitted by First Gen C...
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October 06, 2017
GIC consortium marks partnership to secure future growth of geothermal energy investment
First Gen Corporation and Philippines Renewable Energy Holdings Corporation (PREHC) have marked the commencement of their strategic partnership as substantial shareholders in Energy Development C...
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