AboitizPower eyes hydropower venture in Indonesia

ABOITIZ Power Corp. (AboitizPower) has gained further traction overseas as it embarks on another partnership that would allow the company to participate in the development of a hydropower project in Indonesia.

This came more than a week after AboitizPower marked it maiden international venture through the acquisition of a participating stake in a geothermal project in the same Southeast Asian country.

In a disclosure yesterday, the listed power firm of the Aboitiz family said it “entered into an agreement with SN Power AS and PT Energi Infranusantara.”

The deal involves AboitizPower’s participation “in the feasibility studies for the exploration and development of a potential 127MW hydropower generation project along the Lariang River in Central Sulawesi.”

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Posted October 2, 2015 by repit in News

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