Aboitiz bares expansion plan in Indonesia, other countries

The Aboitiz Group is exploring opportunities overseas for power and food businesses, officials said Monday.

Aboitiz Equity Ventures president Erramon Aboitiz told reporters unit Aboitiz Power Corp. was looking at opportunities for geothermal and hydro power projects abroad, although there were no specific details yet.

“We are looking abroad. We looked at PNG [Papua New Guinea]. We are also looking at different opportunities in Indonesia. Right now, we don’t have anything firm,” Aboitiz said.

“We’re looking at buy-in or buying an operating asset or rehabilitation of asset rather than building from scratch,” he said.

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Posted May 20, 2014 by repit in News

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