Adhi eyes Pertamina?s EPC project

IDX-listed construction and engineering company PT Adhi Karya Tbk (ADHI) has joined an engineering, procurement and construction (EPC) tender of the state oil and gas company Pertamina?s project in Senggoro, Bangkalis regency, Riau, Investor Daily reported.

Adhi?s corporate secretary Amrozi Hamidi said in Jakarta on Friday that the company would team up with its foreign partners to carry out the EPC project which is estimated to be worth about Rp 1.1 trillion.

?It is now in the tender process. The winner has not been announced, and we therefore are not able to unveil our foreign partners in the project,? he added. He, however, did not unveil the profile of the project either.

Amrozi said that the EPC was one of the main drivers of the company?s revenues in addition to construction and property businesses. In the first semester of this year, EPC contributed Rp 180.52 billion or 12.08 percent of the total consolidated revenues of Rp 1.77 trillion.(*)