Dian Swastatika begins construction of Kendari 3 power plant
Friday, September 9 2016 - 01:16 AM WIB
PT DSSP Power, an indirect subsidiary of IDX-listed PT Dian Swastatika Sentosa Tbk, has entered the construction phase of the 2x50 MW PLTU Kendari 3 power plant project in Konawe Selatan, Southeast Sulawesi.
Dian Swastatika said in a statement Thursday that the US$200 million power plant is targeted to be completed in three years. China Development Bank Corporation provided $150 million loan for the project.
DSSP signed in May of last year a power purchase agreement with state-owned electricity firm PT PLN for the plant to supply power to the later for 25 years.
The statement said that to date the company has completed land acquisition and basic engineering design for the power plant project. DSSP has appointed Jiangxi Jianglian International Engineering Co Ltd (China) as supplier of the turbine and other components of the plant.
Editing by Reiner Simanjuntak