ABM: Sewatama to grab six new contracts this year
Thursday, May 11 2017 - 05:45 AM WIB
By Thomas Sembiring
Petromindo
IDX-listed integrated energy company PT ABM Investama Tbk said its subsidiary PT Sumberdaya Sewatama is expected to obtain this year six contracts for the operating and maintenance of power plants.
This was revealed by Adrian Erlangga, Finance Director of ABM on Wednesday. He said that the value of the contracts are not huge, but they?re long-term contracts of between 10 and 15 years.
Adrian said that two contracts are expected to come from state-owned electricity firm PT PLN, and about four from independent power producers.
Editing by Reiner Simanjuntak