AboitizPower is in talks with foreign partners to form a consortium that will bid for Chevron Corp.’s geothermal energy assets in the Philippines and Indonesia, the finance chief of the company’s parent firm said.
“We’re already in talks. To be honest it [forming the consortium] is close. So when the bid comes out, by then the consortium will be formed,” Manuel R. Lozano, chief financial officer of Aboitiz Equity Ventures, Inc. (AEV) told reporters on the sidelines of the group’s press conference to present it third-quarter results on Wednesday night.
“As far as I know the sellers want to do it within the year. We are beholden to their timeline. We’re pretty close to making a decision.”
