First Gen acquires 165 MW hydropower plant - Asian Power
Published February 18, 2026
First Gen Completes Acquisition of 165 MW Hydropower Facility
First Gen Corporation has successfully acquired a hydropower plant with a capacity of 165 megawatts (MW). This acquisition marks a significant step in the company's strategy to enhance its renewable energy portfolio in the Philippines. The hydropower facility, which is located in the country, is expected to contribute to First Gen's commitment to sustainable energy solutions and its goal of achieving a cleaner energy future.
The acquisition aligns with First Gen's long-term vision of increasing its renewable energy generation capacity. With a focus on hydropower, the company aims to leverage the abundant water resources in the Philippines to generate clean energy. The hydropower plant will play a crucial role in supporting the country’s energy requirements while minimizing the environmental impact associated with fossil fuels.
First Gen's decision to invest in hydropower is driven by the growing demand for renewable energy sources in the region. The Philippines has been actively pursuing policies to promote renewable energy, and hydropower is recognized as a key component of the country's energy mix. The newly acquired facility is expected to provide reliable and sustainable power, contributing to the stability of the national grid.
The hydropower plant features advanced technology designed to optimize energy production while ensuring environmental sustainability. First Gen plans to implement best practices in operation and maintenance to enhance the plant's efficiency and reliability. This aligns with the company's commitment to operational excellence and its responsibility towards the environment.
In addition to bolstering its renewable energy assets, First Gen's acquisition of the hydropower facility is expected to create job opportunities in the local community. The operation of the plant will require a skilled workforce, which will contribute to the economic development of the region. First Gen is committed to engaging with local communities to ensure that the benefits of the project are shared widely.
This acquisition comes at a time when the global energy landscape is shifting towards more sustainable practices. As countries around the world strive to reduce their carbon footprints, investments in renewable energy have become increasingly important. First Gen's acquisition of the hydropower plant underscores the company's proactive approach to addressing climate change and promoting sustainable development.
First Gen Corporation has a long-standing reputation as a leader in renewable energy in the Philippines. The company operates a diverse portfolio of power generation assets, including natural gas, geothermal, solar, and hydroelectric facilities. With this latest acquisition, First Gen is further solidifying its position as a key player in the renewable energy sector.
As the energy transition accelerates, First Gen remains committed to expanding its renewable energy capacity. The company's strategic investments in hydropower and other renewable sources are essential for meeting the increasing energy demands of the Philippines while supporting the country’s environmental goals.
Overall, the acquisition of the 165 MW hydropower plant is a significant milestone for First Gen and the Philippine energy sector. It reflects the company's dedication to sustainable energy solutions and its role in driving the transition to a cleaner energy future.
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