Thursday, December 1, 2016

Philippines: Aboitz CEO on Expanding Geothermal Energy Development to Indonesia

CEO in the news: The Philippines' Aboitiz family eyes ASEAN expansion (Nikkei Asian Review)

CEO Erramon Aboitiz
Early in November, CEO Erramon Aboitiz spoke with the Nikkei Asian Review about why a company previously content in its home market has decided to pursue opportunities outside of the Philippines, particularly in the Association of Southeast Asian Nations.

Last year, it announced plans to explore a 110 MW geothermal plant in Indonesia with Medco Power Indonesia. They are now drilling a second so-called slim hole, which should provide a better assessment of the project's potential.

"If that is successful, then we will go into the full development of production wells, the power plants," Erramon said.