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PSALM awarded the 165-MW Casecnan hydroelectric power plant to a First Gen subsidiary, as reported by ANC. 00:10:00

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First Gen's CEO is Federico Lopez, appointed in Feb 2008, has a tenure of 16.42 years. directly owns 0.17% of the company's shares, worth ₱108.27M. The average tenure of the management team and the board of directors is 13.5 years and 3.7 years respectively.

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