First Gen independent directors defend deals with Razon's Prime Infra

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POWER. First Gen Corporation independent directors (left to right) Edgar Chua, Manuel Ayala, and Alicia Morales.

Photos from First Gen website

'We... stand four-square behind our decision to support both projects, which all members of First Gen board unanimously approved,' say First Gen independent directors Ed Chua, Manny Ayala, and Alicia Morales

MANILA, Philippines – Three independent directors of Federico “Piki” Lopez-led First Gen Corporation (First Gen) defended their decision to support the Lopez power firm’s investments in two pumped-stored hydroelectric projects of Enrique Razon’s Prime Infrastructure Capital (Prime Infra).