Atlas hopes to have power plant in five years
Tuesday, March 15 2016 - 05:34 AM WIB
IDX-listed coal mining firm PT Atlas Resources hopes to be able to build at least one or two mine mouth power plants within the next five years.
President Director Andre Abdi said that the huge coal reserves at the company?s coal mines at Mutara Hub and Oku Hub in South Sumatra will support the company?s diversification plan into power generation.
He added that Atlas has signed agreements to partner with Japan?s Toyota Tshusho and Spain?s Gas Natural Fenosa to develop mine mouth power plant project with capacity of 600-1,200 MW at the Oku Hub, which is estimated to have coal reserves of 200 million tons.
Andre said that the company is also seeking to form partnership with China?s Yudean Group to develop similar project with potential capacity of 300 MW at the Mutara Hub.
Editing by Reiner Simanjuntak