Prime Infra acquires 60% stake in First Gen's gas assets for P50B

Prime Infrastructure Capital Inc. reached financial close on a P50 billion transaction to acquire a 60% controlling stake in First Gen Corp.'s gas assets in Batangas City, including four power plants and a proposed plant, as well as a 60% stake in an offshore LNG terminal.

“With this transaction, our Prime Infra assets are now fully connected across the energy value chain, from upstream to midstream to downstream.”lngindustry.com

• 2 sources
• lngindustry.comPrime Infra acquires 60% of First Gen’s gas assets | LNG IndustryJessica CaseyNov 18, 2025
• gmanetwork.comPrime Infra secures P47B loan deal for acquisition of First Gen's gas assets | GMA News OnlineTED CORDERO, GMA Integrated NewsNov 20, 2025

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