Feb 28, 2011

PTBA, Pama to establish power plants

Indonesia's coal mining contractor PT Pamapersada Nusantara (Pama) and PT Tambang Batubara Bukit Asam Tbk (PTBA) plans to set a partnership to establish power plant owned by PT Perusahaan Listrik Negara (PLN).
PTBA will obtain 55% shareholding, Pamapersadana plans to get 30%, and the remaining will be taken by Indian Lanko.
As quoted by  Kontan daily, the establishment of the power plant requires US$1.17 billion of investment. The power plant in Riau has capacity of 2x300 MW with total investment of US$720 million-US$780 million and another 2x150 MW plant needs US$360 million-US$390 million.

Disclosure: No position at the stock mentioned above.

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