Aboitiz Power plans SEA expansion

Aboitiz Power Corp. said it plans to invest as much as $500 million over the next five years, mainly in Indonesia, as the Philip- pines’ second-largest power producer by capacity seeks to boost profits and expand outside its overcrowded home market CEO ErramOn Aboitiz told Reuters on Tuesday that Aboitiz was also interested in projects in Vietnam and Myanmar, which along with Indonesia the company had identified as key markets.