Aboitiz eyes more PPP projects

Posted at 07/01/14 3:29 PM

MANILA, Philippines - Aboitiz Equity Ventures is still interested in bidding for more public-private partnership projects.

"Participating in more PPP projects is in line with our thrust of focusing on infrastructure to grow our business, as well as our way of supporting the country’s own economic growth," AEV President and CEO Erramon Aboitiz said in a statement.

Aboitiz Land had teamed up with Ayala for the Cavite-Laguna Expressway project. "Team Orion" offered to pay the government P11.66 billion for the contract to build and operate the P35.4-billion project, and is now awaiting the notice of award from the Department of Public Works and Highways.

AEV, which has been awarded the bulk water supply contract in Davao, is also looking at more bulk water supply projects in other parts of the country.

The conglomerate has allocated P88 billion in capital expenditures for 2014, with around P80 billion for the construction of more power plants.

AboitizPower recently operated the 14 MW Tudaya I and II hydro plants in Mindanao. It is also completing two new power plants in 2015 - the 13 MW Sabangan hydro plant in Luzon, and the 300 MW Therma South baseload plant in Davao.

Three more power plants are seen to be operational by 2017-- the 52 MW Manolo Fortich hydro plants in Bukidnon, the 300 MW Therma Visayas baseload plant in Cebu and the 400 MW Pagbilao 3 plant in Luzon.

AboitizPower is also currently studying the use of solar and wind energy, to expand its energy sources.

"We hope that our continued investments in energy infrastructure would help ease threats of a possible power supply shortfall for the country," Aboitiz said.