First Gen expects P16B annual return from hydropower investments by 2031
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CEDTyClea
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Summary
First Gen Corp. expects its investments in pumped-storage hydropower projects (owned by Prime Infrastructure Capital) to generate P16 billion annually starting in 2031, potentially becoming the company's largest earnings contributor. First Gen President Francis Giles B. Puno highlighted pumped-storage hydropower as a critical future energy system segment, reflecting the company's long-term bet on renewable energy infrastructure in the Philippines.
Key quotes
· 2 pulledFirst Gen President and Chief Operating Officer Francis Giles B. Puno said the company is making a long-term investment in pumped-storage hydropower assets
which he said are expected to become 'one of the most critical segments of the future energy system'
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