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PT Bukit Asam and PT Antam join forces to build power plants

Power News - Published on Fri, 15 Mar 2019

Image Source: The Jakarta Post
The Jakarta Post reported that state owned coal mining firm PT Bukit Asam plans to diversify its business by establishing a joint venture with state-owned diversified miner PT Aneka Tambang (Antam) to build steam and diesel power plants in East Halmahera, North Maluku.Bukit Asam president director Arviyan Arifin told a press briefing in Jakarta on Monday that his company would hold a 75 percent stake in the venture and Antam the other 25 percent.

The joint venture would invest US$350 million for the development of a steam power plant with a generation capacity of 3x60 megawatts and a diesel-fueled plant with a capacity of 3x17 MW, both for the supply of electricity to Antam’s ferronickel factory in East Halmahera, he said.The plants are estimated to consume 650,000 tons of coal per year, supplied by Bukit Asam.

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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