SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 11, 2024

2. SEC Identification Number

A1998 18260

3. BIR Tax Identification No.

202 464 633

4. Exact name of issuer as specified in its charter

First Gen Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6F Rockwell Business Center Tower 3 Ortigas Avenue Pasig City Postal Code 1604

8. Issuer's telephone number, including area code

3449 6400

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	3,596,575,505

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

First Gen CorporationFGEN

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article entitled "FirstGen still keen on nat-gas power plant"

Source	Malaya (online edition)
Subject of News Report	FirstGen still keen on nat-gas power plant
Date of Publication	Apr 10, 2024

Clarification of News Report
First Gen confirms that the company continues to work on the development of the Santa Maria project which will have a capacity of up to 1,200 MW, using the latest available gas turbine in the market to maximize efficiency and provide more MW with less fuel requirements. Ongoing efforts on the Santa Maria project will enable the company to be in a better position to make such power plant available in time to meet the expected growth in grid demand, and further help stabilize the grid by complementing intermittent renewables with more natural gas plants. The Santa Maria plant will be designed to serve baseload and mid-merit requirements of the Luzon grid. First Gen also confirms its goal to grow its total capacity to 13,000 MW in the next six (6) years. In line with this, the company currently estimates that approximately $20 billion of capital expenditures will be necessary to reach the target. Finally, the company confirms that it continues to pursue the development of the 120 MW Aya Pumped Storage Hydroelectric Power Project in Pantabangan, Nueva Ecija. The Aya project, which is adjacent to the Pantabangan-Masiway Hydroelectric Power Plant Complex, will be capable of generating and storing energy, and is expected to have a generating and pumping capacity of 100 to 120 MW. The company estimates that construction of the Aya project will take around 36 months, and cost approximately PHP6 billion.
Other Relevant Information
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