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Largest RE player emerges from gas deal
Manila Bulletin
|December 4, 2025
The recent gas business sale between Razon-led Prime Infrastructure Capital Inc. (Prime Infra) and Lopez-led First Gen Corp. (FGen) has created the country’s largest renewable energy (RE) player, even as antitrust watchdog Philippine Competition Commission (PCC) assured that it won't stifle fair competition in the domestic energy market.
In a statement on Wednesday, Dec. 3, PCC said that while Prime Infra has a major hold on FGen’s gas projects, this will also make them the country’s largest companies involved in the RE space. This is because both firms are engaged in renewables, especially as FGen is ramping up its geothermal, hydropower, wind, and solar developments.
Currently, FGen has about 3,668 megawatts (MW) of capacity, while Prime Infra’s parent entity, Razon & Co. Inc., holds a 45-percent interest in the Service Contract (SC) 38 consortium, which is responsible for Malampaya gas field.
Cette histoire est tirée de l'édition December 4, 2025 de Manila Bulletin.
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