Energy World business value to grow over US$4billion

Company News

by Jessica Amir

Energy World (ASX:EWC) says its business value should see a strong uplift in 2018/2019 to over US$4billion after it has completed its current projects.

The company’s five main gas, power and LNG projects, in Australia and Asia are at various stages of completion but its Philippines power plant and hub are tipped to start commercial operations this year.

It comes as the company has been undertaking substantial works in the Philippines, as well as Indonesia over the last few years.

Meantime, the company’s existing Australia gas facilities remain in care and maintenance.

Energy World (ASX:EWC) shares closed 1.30 per cent lower yesterday at $0.38.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.