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Aboitiz Power looks to ASEAN as Philippine power glut looms

Aboitiz Power CEO Erramon Aboitiz sees electricity-starved Indonesia as a good prospect as the Philippines faces the possibility of oversupply.

MANILA -- Aboitiz Power plans to expand its power generation business in other parts of Southeast Asia, as it faces the risk of a supply glut in the next three to four years at home in the Philippines.

Regional expansion currently centers on Indonesia, but Myanmar and Vietnam are on the investment radar, CEO Erramon Aboitiz told the Nikkei Asian Review on Wednesday.

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