Singapore-based subsidiary AboitizPower International Pte. Ltd. entered into an agreement with PT Medco Power Indonesia to explore and develop a potential 110-megawatt geothermal power project in East Java province. Meanwhile, SNAP teamed up with Energi Infranusantara on a planned 127-megawatt hydropower project along the Lariang River in Central Sulawesi.
The Indonesian companies will tap AboitizPower’s technical expertise in developing renewable energy projects, which make up 40% of its power generation portfolio. AboitizPower’s foray to expand in the ASEAN region considered Myanmar, Vietnam and Papua New Guinea as potential growth markets. But among these countries, Indonesia is the leading candidate for its maiden power venture overseas because of similarities in the Philippines’ demographics and need for more power in the future.
