BDO Unibank, Inc. (BDO) has anchored the ₱50-billion financing that enabled Prime Infrastructure Capital, Inc. (Prime Infra) to acquire a 60% controlling stake in the gas assets of First Gen Corporation (FGen), marking one of the most significant energy sector transactions in recent years.

The deal supports the Philippines’ push for a more sustainable, affordable, and energy-secure power system, while strengthening the country’s natural gas infrastructure as a key transition fuel toward cleaner energy.

Under the transaction, BDO financed 60% of the total loan facility on a 10-year term. BDO Capital & Investment Corporation served as Mandated Lead Arranger, while BDO Trust Investments Group acted as Facility Agent and Collateral Trustee, underscoring the bank’s end-to-end support for large-scale, high-impact infrastructure projects.

Prime Infra President and CEO Guillaume Lucci said the investment aligns with the company’s strategy to scale the country’s natural gas value chain. “These investments are essential in strengthening energy security and supporting the Philippines’ transition to a cleaner and more reliable power system,” he said.

BDO Capital President Ed V. Francisco said the transaction reflects BDO’s commitment to strategic financing that drives national development. “This landmark deal highlights BDO’s role in supporting critical infrastructure projects that help shape the country’s evolving energy landscape,” he said.

Prime Infra described the acquisition as a pivotal step in expanding and modernizing the country’s gas sector through its partnership with First Gen, with the goal of delivering long-term value to consumers and improving power reliability.

The Clean Energy Complex in Batangas, owned and operated by Prime Infra and First Gen, contributes more than 2,000 megawatts of generation capacity and plays a key role in advancing the government’s Philippine Energy Plan 2023–2050, which targets a 35% renewable energy mix by 2030 and 50% by 2040.