Bina Puri plans listing Indonesian assets in 2015
Thursday, November 20 2014 - 09:02 AM WIB
?We are still discussing the matter, and it is too early to reveal the details,? he said.
He said the group was currently waiting for its hydro-generated power plant in Banteng, South Sulawesi to be completed in June 2015, as the valuations could be higher.
?Power plant revenue for 2014 is targeted to be RM10 million (around US$3 million). We are looking at RM15 million in revenue next year from this segment, once our 4.2MW power plant in South Sulawesi is operational,? he told a media conference after a fund managers? briefing in Kuala Lumpur, as quoted by thestar.com on Thursday.
He added that it was still in the tendering process for power plant projects in Sabah.
Bina Puri has seven micro diesel-generated power plants with total capacity of 25MW across Indonesia.
The power plants fall under the group?s recurring income portfolio.
He said the group was optimistic its construction segment would see growth, although a slowdown in the market was expected next year.
As the group had been in the construction business for 40 years, he was certain it would be one of the main beneficiaries for entry point development projects next year, either private or public.
?However, we have a diversified business and therefore, we will not be relying on the Malaysian market as we are supported by our offices in Thailand, Indonesia and Brunei,? he added. (*)