Dr. J. Ruaya, over at the always interesting Energy Philippines blog, gives some insights into Aboitiz Power’s recent activities and possible acquisition targets.
I’m not sure what P3 billion (about US$60 million) positions them for. Last year they spent US$90 million on a 34% interest in STEAG. But they probably have their eye on something specific.
By the way: If my calcs are right, it seems to me that last year’s STEAG acquisition places the STEAG plant value at $1,165/kW based on 232 MW (or $1,351/kW if based on a nominal 200 MW).