{"id":139747,"date":"2017-12-17T03:53:53","date_gmt":"2017-12-17T08:53:53","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=139747"},"modified":"2017-12-17T03:53:53","modified_gmt":"2017-12-17T08:53:53","slug":"aboitiz-equity-sets-2018-capex-at-p50-b","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/17\/aboitiz-equity-sets-2018-capex-at-p50-b\/","title":{"rendered":"Aboitiz Equity sets 2018 capex at P50-B"},"content":{"rendered":"
\"Lozano<\/a>
Lozano said the GNPower coal-fired power plants in Bataan will also come on stream next year. (Photo from http:\/\/aboitiz.com\/)<\/figcaption><\/figure>\n

MANILA\u2014<\/strong>\u00a0Conglomerate Aboitiz Equity Ventures Inc. (AEV) will spend up to P50 billion next year, same level as this year, as it eyes growth in power and infrastructure.<\/p>\n

AEV Senior Vice President and Chief Financial Officer Manuel Lozano told reporters this week that its subsidiary, Aboitiz Power Corp., will be completing several power projects next year, bringing its attributable capacity close to 3,500 megawatts (MW).<\/p>\n

Its power initiatives include the Pagbilao expansion project in Quezon province, the Therma Visayas coal-fired power plant in Cebu, and the Manolo Fortich hydropower facility in Bukidnon.<\/p>\n

Lozano said the GNPower coal-fired power plants in Bataan will also come on stream next year.<\/p>\n

\u201cSo there will a lot of new capacity coming in for us in 2018,\u201d he said.<\/p>\n

Apart from power expansion projects, Lozano said AEV\u2019s joint venture with J.V. Angeles Construction Corp., the Apo Agua Infrastructura Inc., will also need financing for the P13 billion water supply project in Davao City.<\/p>\n

\u201cOur cement plant (also) begins either in 2018 or early 2019 to also expand potentially,\u201d he said.
\n\u201cHopefully, we see demand picking up, it looks like some of the ‘Build, Build, Build’ projects will start in 2018, that will help the industry,\u201d he added.<\/p>\n

Lozano also said the conglomerate is actively looking for projects here and abroad.<\/p>\n

\u201cWe are focused on water, but we are also looking hopefully at airport (projects) if they are available and some of the rail projects. But right now, nothing is imminent, still exploratory yet,\u201d he said.<\/p>\n

Lozano said they are interested to participate in the bidding for the upgrading of the Ninoy Aquino International Airport (NAIA) and the Iloilo, Bacolod-Silay and Laguindingan airports.<\/p>\n

AEV is also preparing to bid on hydropower projects in Myanmar and Indonesia.<\/p>\n

\u201cWe are also looking now at a couple of other countries aside from those,\u201d he added. \u201cIf there is an acquisition that will crop up, we would consider it. But right now, we are really green field (projects) focused,\u201d<\/p>\n

AEV is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infrastructure and land.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014\u00a0Conglomerate Aboitiz Equity Ventures Inc. (AEV) will spend up to P50 billion next year, same level as this year, as …<\/p>\n","protected":false},"author":33,"featured_media":139748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[39275,39276],"class_list":["post-139747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aboitiz-equity-sets-2018-capex-at-p50-b","tag-conglomerate-aboitiz-equity-ventures-inc-aev","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/139747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=139747"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/139747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/139748"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=139747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=139747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=139747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}