|
||
| FIRST Gas Power Corporation , First Gen Corporation sign accord with Siemens Power |
|
FIRST Gas Power Corporation (FGPC) and FGP Corporation have entered into operation, maintenance and repair agreements with Siemens Power Operations Inc. for their combined- cycle natural gas-fired power plants, First Gen Corporation said in a disclosure to the Philippine Stock Exchange.
The long-term O&M agreements, which cover First Gas’s 1,000-megawatt Santa Rita natural gas facility and FGP’s 500-MW San Lorenzo gas plant in Batangas, have a nominal term of 15 years. The new accord replaces the previous operation and maintenance agreements which ended on July 31. The Siemens AG subsidiary has been operating and maintaining the Santa Rita power plant since 2000 and the San Lorenzo plant since 2002. FGPC is owned by First Gas Holdings Corporation, which is 60% owned by First Gen Corporation. FGP is 60% owned by Unified Holdings Corporation, which is wholly owned by First Gen. Comments (0)
 Write comment
|
Subscribe to this comment's feed
