Prime Infra to acquire 60% stake in First Gen's gas business for P50 billion

Prime Infrastructure Capital agreed to acquire a 60% equity stake in Lopez-led First Gen Corp.'s gas business for P50 billion. The deal includes four operating power plants and a proposed 1,200-MW plant.

“The partnership between First Gen and Prime Infra will enable the partners to further nurture, enhance and expand their natural gas platforms to serve as a key solution provider to the country’s program to address energy security.”bworldonline.com

• 1 source
• bworldonline.comPrime Infra’s First Gen gas stake to spur competition — analysts - BusinessWorld OnlineCEDTyCleaJun 1, 2025

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