[Vantage Point] The ballad of the Lopez feud: Strategic conviction or capital discipline?
![[Vantage Point] The ballad of the Lopez feud: Strategic conviction or capital discipline?](/api/image-proxy?url=https%3A%2F%2Fwww.rappler.com%2Ftachyon%2F2025%2F06%2Ffirst-gen-sale-to-prime-infra-mean-June-9-2025.jpg&w=1200&q=82)
To appreciate why some First Gen transactions have attracted such close scrutiny, one has to return to the 2023 bidding for the Casecnan Hydroelectric Power Plant in Nueva Ecija
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