ABM TARGETING STEAM POWER PLANT TENDER 700 MW

[CATEGORY: ELECTRICITY]

PT ABM Investama Tbk (ABMM) through its subsidiary, PT Sumberdaya Sewatama, targeting power plant tender of the Perusahaan Listrik Negara (PLN) with a total capacity of 600-700 megawatts (MW) this year.

The participation of the project tender part of the company's target for the construction of power plants with a total capacity totaled 1,750 MW by 2020.

President Director and Chief Executice Officer (CEO) of Sumberdaya Sewatama Yovie Prayadi said, the company is interested in bidding for the construction of the power plant adjacent to the coal mine of ABM Investama. In addition, the company aims to tenders electricity in locations Sewatama which have been in operation. Especially in Sumatra and East Indonesia, "he said.

However, Yovie has not been willing to disclose any project tenders are being followed by the company. Currently, Sewatama is waiting bidding process with a capacity of 2x200 MW power plant in Sumatra. Company called pretty close to the project.

The consortium is claiming the company will require funding of up to US$ 600 million to build the project. Foreign Partner is responsible for finding the source of funds from the country of export financing.

For information, ABM Investama has coal mines in the province of Aceh and South Kalimantan through PT Reswari Minergi Hartama. The company has total coal reserves of 221 million tons and coal resources as much as 561 million tons.

ABM Investama's plans to build a power plant with a capacity of 1,750 megawatts (MW) by 2020. Construction is called to spend up to US$ 2.6 billion.

Reference :

1.     President Director and Chief Executice Officer (CEO) of Sumberdaya Sewatama Yovie Prayadi

All complete data can be seen at www.tender-indonesia.com

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