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MANILA, Philippines – First Gen Corp. is allotting up to P25 billion to optimize the group’s geothermal operations in Negros Oriental, including boosting the business with stronger power storage systems.
Through its subsidiary Energy Development Corp. (EDC), a major player in the renewables space, the group sought the government’s clearance to amend its environmental compliance certificate for the Southern Negros Geothermal Project (SNGP).
READ: First Gen sets P41.7B for projects
This would allow the project operator to pursue expansions and invest in technology upgrades.
