First Gen Says Gas Asset Sale to Razon Group Was ‘Correct Choice’ - BusinessWorld Online

First Gen says gas asset sale to Razon group was ‘correct choice’ - BusinessWorld Online

FIRST GEN CORP. said its decision to sell a majority stake in its gas-fired power assets to the Razon group was “a correct choice,” citing the importance of securing fuel supply for the facilities. “We made a difficult, but I think we made the correct choice, which is to sell a 60% of the majority stake to the Razon group,” First Gen President and Chief Operating Officer Francis Giles B. Puno said during an energy summit organized by the Philipp…

First Gen-Prime Infra’s P50-B deal ensures supply for gas assets

MANILA, Philippines – First Gen Corp. said bringing in the Razon group as the majority owner of its gas-fired facilities was the “correct choice” to bolster the plants’ access to critical fuel supply. “We made a difficult, but I think we made the correct choice, which is to sell 60 percent of the majority stake

Puno: FGen cedes gas control to Razon to secure cheaper power

Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local...