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First Gen: Progress made in LNG business

FIRST Gen Corp. is aiming to be a key LNG power player with the ongoing development of a liquefied natural gas plant in Sta. Maria, Batangas, and progress at an interim offshore terminal project.

'We continue to work on the development of the Santa Maria project with a capacity of up to 1,200 megawatts (MW), using the latest available gas turbine in the market to maximize efficiency and provide more MW with less fuel requirements,' First Gen said in an annual report filed on Monday.