Two major Chinese companies have expressed keen interest in partnering with the construction arm of the Aboitiz Group to build power and infrastructure projects in the Philippines.
The group’s privately held construction arm Aboitiz Construction Inc. (ACI) recently visited China to explore possible tie-ups, a press statement yesterday said.
ACI said it is exploring further business opportunities with Shandong Electric Power Construction Corp. III and Dongfang Electric Co.
Shandong Electric specialises in building, designing and operating power plants.
Dongfang Electric meanwhile, is a comprehensive enterprise group specialised 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.
Dongfang Electric is directly administered by the Chinese central government.
The visit aimed to strengthen the firms’ interest in partnering with ACI, specifically for power projects, as well as other infrastructure projects in the Philippines under the Build, Build, Build Programme of the government.
ACI Chairman Jaime Jose Aboitiz led the China visit, accompanied by the firm's President and Chief Operating Officer Alberto Ignacio Jr and First Vice-President Felma Yap.
“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,” Aboitiz said.
The visit has resulted in offers for partnership from both companies, Aboitiz added.
Shandong Electric has offered to construct power plants through the engineering, procurement, construction (EPC) method on a turnkey lump sum basis.
It also develops power plant projects through the build-operate-transfer (BOT) and build-operate-own-transfer (BOOT) methods.