Aboitiz Power of the Philippines is taking its electricity generation and distribution expertise overseas and is investigating possible investments in Papua New Guinea.
In an interview with FinanceAsia, chief financial officer Iker Aboitiz said the company was now ready to expand its portfolio of assets by looking for opportunities in Asia and the Pacific.
“Three or four years ago we wouldn’t have considered such a proposition,” he said. “We were still building our local business and we were cautious not to over-extend. But now we believe we have gained the operational and management expertise to acquire overseas assets.”
The decision to take its...