Skip to content

Century-Old Philippine Group to More Than Double Power Capacity

  • Japan’s JERA to help build Aboitiz’s gas-fired power plants
  • Utility targeting Vietnam to expand its power venture

Aboitiz Equity Ventures Inc., a 102-year-old Philippine conglomerate and one of the nation’s largest power producers, plans to more than double its generation capacity to help tap a revival in consumer demand.

The Cebu-based company is targeting 9,200 megawatts by 2030, adding to the existing capacity of over 4,000 megawatts, President and Chief Executive Officer Sabin Aboitiz, 58, said in an interview with Bloomberg Television’s Yvonne Man. With a ban on new coal-fired plants, the group is looking at a mix of gas and renewables for the expansion, he said.