Aboitiz Power Corp. has joined around 15 to 20 foreign and local companies interested in acquiring the power assets of AES Corp. of the US in the Philippines. Aboitiz Power president Antonio Moraza told reporters the company was seriously looking at joining the sale transaction, which it expects to be completed within the year. AES acquired the Masinloc coal plant from the government in 2008 for $930 million. Egco, meanwhile, is the first independent power producer in Thailand and is listed on the Stock Exchange of Thailand. It is not clear if Egco has a right of first refusal over the remaining stake owned by AES in Masinloc.

Source: The Standard September 14, 2017 11:48 UTC