Business and Economy
2 Chinese firms keen on power, infra projects in PH
FILE: ACI Chairman Jaime Jose Aboitiz (Photo by Aboitiz Construction)
MANILA — Two major Chinese companies have expressed keen interest to partner with the construction arm of the Aboitiz Group to build power and infrastructure projects in the Philippines.
Shandong Electric Power Construction Corporation III (SEPCO3) and Dongfang Electric Company (DEC) strengthened their interest to partner with Aboitiz Construction, Inc. (ACI) during the latter’s recent visit to China in its efforts to explore further business opportunities overseas.
The Chinese firms offered to construct specifically infrastructure projects under the “Build, Build, Build” program of the Philippine government.
“At home or abroad, ACI will continue to pursue opportunities that will allow us to advance business and communities through our various projects, as well as put us on track to being the contractor of choice by completing projects on time, on budget, safely, and within specifications,” said ACI Chairman Jaime Jose Aboitiz.
Construction and engineering company SEPCO3 designs, builds, operates and owns power plants.
It offered to construct power plants through the engineering, procurement, construction (EPC) method on a turnkey lump sum basis.
DEC, meanwhile, is a comprehensive enterprise group specialized in the manufacturing industry, research and development of cutting-edge technology, contracting international engineering projects, exporting complete plants and equipment, and conducting international economic and technical cooperation.
