The next milestones that will prop the company's earnings will be: the commercial operations of its liquefied natural gas terminal at the First Gen Clean Energy Complex in Batangas; the closing and turnover of the 165-megawatt Casecnan hydroelectric power plant that it recently won from the privatization process carried out by state-run Power Sector Assets and Liabilities Management Corporation ; and its 100MW pump storage expansion at Lake Aya that will soon be advancing to construction...
In terms of revenues, the company logged $13 million hike to $1.287 billion within January to June this year versus $1.274 billion in the same period last year. He emphasized that the Lopez group is “looking forward to a number of significant milestones that are expected to happen for the remainder of the year.
Nevertheless, the resulting income of its gas assets declined 5.0-percent to $91 million within this year’s first semester, vis-a-vis $96 million las year.