Federal bags $42.6m EPC contract to build Bintan power plant

Singapore stock exchange-listed firm Federal International (2000) Ltd. said that its Indonesian wholly-owned unit PT Federal International (FI) secured engineering, procurement and construction (EPC) project worth of US$42.60 million to build a 4x12-MW coal-fired power plant in Tanjung Pinang, Bintan Island.

FI joins forces with Indonesian counterpart PT SSE?Van Der Horst Indonesia (VDHI) to provide EPC services for the coal-fired steam power plant

The EPC project is commissioned by its owner, PT Tenaga Listrik Bintan, an independent power producer, while the state electricity firm PT Perusahaan Listrk Negara (PLN) is the off-taker.

The project is expected to commence in the second quarter of 2008 and be completed by the fourth quarter of 2010 in two phases.

During Phase 1, the first 2 X 12MW coal-fired steam power turbine for the plant will commence work in the second quarter of 2008 and is expected to be completed within 22 months.

Under Phase 2, another 2 X 12MW coal-fired steam power turbine will commence work six months later subject to fullfilment of certain terms and conditions, and is expected to be completed within 22 months.

FI has a 50 percent stake in the consortium while PT SSE-VDHI, an Indonesian JV of ST Marine and Van Der Horst Group, Inc., owns the other 50 percent. (denny)