First Gen Independent Directors Reaffirm Support for Hydropower Investment Amid Lopez Family Dispute
First Gen Corp.'s independent directors have reaffirmed their support for the company's investment in hydropower projects, a key issue in the ongoing Lopez family feud. They highlighted potential annual earnings of P16 billion and the projects' role in bolstering the country's power security.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- First Gen independent directors back Prime Infra hydro deals
Independent directors of First Gen Corp. have asserted they properly discharged their duties regarding hydropower deals with Prime Infrastructure Capital Inc., stating the agreements benefit the company and its shareholders. They defended the valuation and contractual terms of the P75 billion transaction.
- First Gen independent directors defend deals with Razon’s Prime Infra
Three independent directors of First Gen Corporation have defended the company's investments in pumped-storage hydroelectric projects with Enrique Razon’s Prime Infrastructure Capital. This comes after a faction of the controlling Lopez family described the deals as "horrible" for First Gen.