First Gen seeks to close P75-B hydro deal in ’26

MANILA, Philippines — First Gen Corp., a Lopez-led renewable producer, hopes to close its P75-billion hydro deal with Prime Infrastructure Capital, Inc. this 2026, as it awaits the clearance from regulators. It was only last week when First Gen disclosed its move to acquire a 40-percent stake in the hydropower portfolio of the Razon-backed firm.