First Gen ratchets up capex to $1.27B to beef up capacity

MANILA, Philippines — Lopez-led First Gen Corp. set aside $1.27 billion or about P74.4 billion for capital expenditure (capex) this year, mainly to advance its renewable energy goal and complete its liquefied natural gas (LNG) terminal project in Batangas. The 2024 budget is higher by 15.5 percent from the $ 1.1 billion capex set last
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