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First Gen allots $80 M for Indonesia expansion
The Philippine Star
|September 25, 2025
Lopez-led First Gen Corp. is fueling its geothermal expansion in Indonesia with a planned initial investment of up to $80 million.
First Gen president and COO Francis Giles Puno said an initial capital of around $30 million would be set aside to balance the contribution of its joint venture partner, PT DSSR Daya Mas Sakti.
“Then after that, we will have to enter into the drilling campaign.
This story is from the September 25, 2025 edition of The Philippine Star.
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