As the bidding date for the privatization of Pantabangan – Masiway Hydro Electric Power Plant Complex on September 8, 2006 come closer, the stock of First Gen Corp continuously goes up. From an average of Php 42.86 per share two weeks ago, it has now reached as high as Php 50, as of Sep. 6. This is P3.00 higher than its IPO price of Php 47.00.

The increase is due to the investors confident that First Gen will win on the bidding of the generation plant. First Gen has been actively participating in the privatization of Pantabangan – Masiway HEP Complex and to other NPC power plant assets.

Pantabangan – Masiway HEP has a combined capacity of 112 MW and located in Pantabangan, Nueva Ecija .

Filed in: First Gen
Local date: December, 2008

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