Indonesian Power to buy two power generators from Malaysia
Tuesday, January 23 2001 - 04:30 AM WIB
PT Indonesia Power, a subsidiary of state electricity firm PT PLN, plans to buy two steam-powered power generation units (of 2X60MW) from Malaysia's state electricity company Tenaga Nasional Berhad to meet increasing electricity demands in Southern Sumatra.
Indonesia Power's corporate secretary Lili Tjarli Tahlan said that the company was currently negotiating with Tenaga Nasional Berhad over the purchase of the two power generations currently in use in Port Dickson in Malaysia.
Lili predicted that Indonesian Power - formerly kwon as PT Pembangkitan Tenaga Listrik Jawa Bali/PJB II -- would be able to relocate the plants by the end of this year.
Lili noted that Indonesian Power purchased second hand power generators because of limited funds to meet the increasing electricity demands, including those in Southern Sumatra.
The company believed that the units would still be able to be used for a long time as most of power generators' life time could reach up to 30 years. But Lili did not explain how old the Malaysian units were.
Lili noted that the two plants would be installed in Tarahan, Lampung, because of its proximity with coal mining fields operated by state coal miner PT Tambang Batu Bara Bukit Asam.
Lili also explained that the company planned to offer shares to the public through initial public offering by the end of this year to raise fresh funds to finance the company's investment projects and upgrade the company's existing power plants.
The company would appoint PT Asia Kapitalindo as its financial advisor to prepare the company for the initial public offering of shares. (*)