Bakrie, Samsung team up in $2b power plant project

Indonesia-listed diversified conglomerate PT Bakrie & Brothers Tbk (BNBR) through its subsidiary PT Bakrie Power is teaming up with South Korean firm Samsung Corp. to build power project worth US$2 billion.

BNBR CEO was quoted by Investor Daily as saying that due diligence on the project, which detail is undisclosed, will be completed in March.(*)