Truba to build four power plants

Bloomberg - 2007-03-22 14:45

JAKAKTA, March 22, 2007 (Bloomberg) - PT Truba Alam Manunggal Engineering, an Indonesian electrical and mining contractor, will start building four power plants with an investment of US$521 million this year, President Director Arif in Wiguna said.

It plans to sell the electricity to PT Perusahaan Listrik Negara, Indonesia's state power utility, he said in Jakarta.

Truba has partners to build the plants, Wiguna said, without naming them.

The biggest of the projects are Kuala Tanjung power plant in North Sumatra and Banyuasin plant in South Sumatra, each with a capacity of 225 megawatts.

The electricity will be sold at 4.74 U.S. cents a kilowatt-hour and 4.5 U.S.cents a kilowatt-hour, respectively. The other two plants are in Pontianak in West Kalimantan with a capacity 50 megawatts and in Bangka with a capacity of 21 megawatts.