Philippine energy giant Citicore Renewable eyes Cambodia, Myanmar after Pertamina deal

[SINGAPORE] Philippines-listed Citicore Renewable Energy (CREC) is making its regional play while the sun shines, powered by a recent tie-up with Indonesia’s Pertamina that could spur future forays – and perhaps a secondary listing – in other South-east Asian markets.

President and chief executive Oliver Tan of the home-grown pure-play renewable energy developer and operator told The Business Times that Indonesia was the first step towards regional expansion.

“In particular, we are looking at potential opportunities to build solar (facilities) in Indonesia and export to Singapore to power its green-energy data centre demand… maybe in the next two years,” said Tan, who is Filipino.