Exploitasi to complete acquisition of 5 hydropower plants in January
Targeting increase to 3.6 million tons of Coal production in 2013
Friday, December 21 2012 - 03:44 AM WIB
IDX-listed PT Exploitasi Energi Indonesia is targeting to complete the acquisition of five hydro power plants by the end of next January.
"The capacity of the five plants totals 18 MW. We expect the process to be completed in January 2013," Director
Novriaty Sibuea told petromindo.com Friday.
President Director Henry Sitanggang added that the electricity produced by the five plants will be supplied to state utility firm PT Perusahaan Listrik Negara (PLN).
The acquisition process began in mid 2012. The power plants are located in Sukabumi, West Java, and West Sumatra.
Meanwhile, for 2013, the company targets to produce 3.6 million tons of coal, which will also be sold to PLN. For 2012, production is estimated to reach 1.4 million tons.
Editing by Dadan Wijaksana