Jan 24, 2011

Astra Group eyeing power plant projects

Group of PT Astra International Tbk (ASII) is joining two tenders of power plants with the capacity of 2x300 MW and 2x150 MW.
Head of Astra Corporate Communications Arief Istanto, as reported by Kontan daily today, said the company has participated tender for power plant projects in Sumatra.
The 2x300 MW power plant is estimated to require financing of US$720 million-US$780 million and 2x150 MW power plant requires US$360 million-US$390 million.
Astra Group is still in talks with other four parties of consortium. Astra aims to be majority share holder.

Disclosure: No position at the stock mentioned above.  

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