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Monday, September 24, 2007

Muladi consortium wins US$9.4 mln gas pipeline deal in Indonesia

Jakarta (ANTARA News/Asia Pulse) - State-owned electricity company PLN has declared the consortium of PT Muladi the winner of a tender to build a pipeline to transport gas from Muara Bekasi to its power plant in Muara Tawar.

The consortium, which also includes PT Wali Nusa and state-owned steel maker PT Krakatau Steel, would build the 7.2km pipeline at a price of Rp85 billion (US$9.4 million), PLN executive Tonny Agus M. said.

The gas is supplied from South Sumatra through a submarine pipeline owned by state-owned gas distributor PT PGN. Construction would take six months and by March 2008, the project is expected to be operational

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