Truba wins contract to build power plant

JAKARTA, November 8, 2006 (Bloomberg)

PT .Truba Alam Manunggal Engineering, an Indonesian engineering and construction company, said it has secured a contract to build a power plant for PT Central Pertiwi Bahari.

"The $60 million project is expected to commence early next year," Corporate Secretary Jenty Tjandradjaja said.

Truba's share price jumped Rp 15, or 7.1 percent, to Rp 225 on the Jakarta Stock Exchange on Tuesday. That's the biggest gain since a 64 percent increase on Oct. 16, the day the shares started trading on the exchange.