First Gen Refutes Lopez Majority's Hydropower Deal Allegations

First Gen Corp. has firmly denied recent accusations from the Lopez majority regarding its investment in Prime Infrastructure Capital Inc.'s hydropower business, labeling the claims as erroneous, malicious, and indicative of a misunderstanding of mergers and acquisitions. In a clarification submitted to the local stock exchange, the Lopez-led energy company defended its stake in Prime Hydropower Energy, reiterating that all transactions were conducted in accordance with legal and regulatory standards.