Prime Infra finalizes deal to buy 60% stake in First Gen gas units for P50 billion

Prime Infrastructure Capital Inc. has finalized a deal to acquire a 60% stake in First Gen Corp.'s Batangas-based natural gas businesses, including the Santa Rita, San Lorenzo, San Gabriel, and Avion power plants, as well as a majority interest in the proposed Santa Maria power plant and the Interim Offshore LNG Terminal. The transaction is valued at P50 billion.

“The transaction represents a strategic move by Prime Infra to deepen its footprint in the country’s energy sector.”context.ph

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• context.phRazon’s Prime Infra finalizes deal to buy 60% of First Gen gas units → Context.phContext.phJul 16, 2025

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