KKR Procures Stake in First Gen, Philippines Based Power Producer

Energetica India | Jun 29, 2020 at 2:00 AM
  • KKR has announced that, ensuing the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has acknowledged all of the 427,041,291 common shares of First Gen Corporation that were tendered by shareholders at the close of the tender offer, representing approximately 11.9 percent of First Gen’s outstanding common shares.
  • The Company primarily generates power through renewable energy and indigenous fuel sources such as natural gas, geothermal energy from steam, hydro-electric, wind and solar power.
  • First Gen has 3,492 megawatts of installed capacity in its portfolio.