First Gen bags power supply deal for four Megaworld projects By TED CORDERO, GMA News
Published April 21, 2021 11:53pm Lopez-led renewable energy firm First Gen Corp. has been tapped by property giant Megaworld Corp. to supply “clean and renewable” energy to four of its upscale township and office tower projects in Taguig City. Citing the agreement finalized by the two companies, First Gen said it has committed to supply Megaworld with 6.17 megawatts (MW) of geothermal power for Uptown Place Towers 1, 2, and 3; and to Alliance Global Tower, which houses the headquarters of Megaworld parent firm Alliance Global Inc. (AGI) as well as its subsidiaries.
First Gen supplies RE-generated power to Megaworld mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published February 11, 2021, 11:30 AM
Theirs is an exceptional story of a family-led conglomerate that had to rise from the rubble – not just once, twice or thrice but maybe even more – that’s because of the wretch of politics often infringing on their businesses, be it in the power sector or in their television network.
Oscar M. Lopez
These corporate tragedies as well as the many triumphs of their various businesses symbolize the life and legacy of Oscar M. Lopez, the patriarch of the Lopez group, as chronicled in his biography which is simply titled “OSCAR”.
Across decades, the Lopez family had always been prey to inordinate political power play shackling businesses – from the time that the Manila Electric Company (Meralco) had to be forcefully taken from them during the Martial Law years; then for another round of takeover in 2008-2010; and the extreme blow they had to racked in pain with from last year’s denial of their ABS-CBN franchise.
Lopez Holdings Corporation has withdrawn its petition for voluntary delisting, which was filed with the Philippine Stock Exchange (PSE) on December 14, 2020 after sister company First Philippine Holdings Corporation reduced its tender offer size.
In a disclosure to the PSE, FPHC amended its Tend
First Philippine Industrial Park gets special PEZA award bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.