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AboitizPower to acquire 25% stake in Vietnam coal plant for P12.9B

30 October 2025
in Business
Reading Time: 2 mins read
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AboitizPower to acquire 25% stake in Vietnam coal plant for P12.9B
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ABOITIZ Power Corp. (AboitizPower) is set to acquire a 25% stake in Van Phong Power Company Limited (VPCL), operator of a 1,320-megawatt (MW) coal-fired power plant in Vietnam, from Japan’s Sumitomo Corp. for $220 million (around P12.9 billion).

In a regulatory filing on Thursday, AboitizPower said this marks its first significant investment outside the Philippines.

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