Adaro, IP to team up in E. Kalimantan mine mouth power plant project
Monday, October 2 2017 - 03:27 AM WIB
By Thomas Sembiring
Petromindo|Thomas
PT Adaro Power, a subsidiary of IDX-listed coal giant PT Adaro Energy Tbk, said it will team up with PT Indonesia Power (IP), a subsidiary of state-owned electricity firm PT PLN, to jointly develop a 2x100 MW mine mouth coal-fired power plant in East Kalimantan.
Adaro Power President Director Mohmad Effendi said on Friday that IP will hold a 51 percent stake in the joint venture project, while Adaro 49 percent.
He said that feasibility study on the planned project is in progress. No further details were provided.
Editing by Reiner Simanjuntak