First Gen May Bid for Hydroelectric Contracts, President Says

First Gen Corp. (FGEN) may bid for contracts to explore and develop potential hydroelectric sites in the Philippine islands of Luzon and Visayas, President Francis Giles Puno said in a mobile phone message.

The government plans to bid out in the third quarter as many as 50 hydro service contracts, Philippine Daily Inquirer reported, citing Energy Undersecretary Jose Layug.

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