Lanco to set up two coal fired power plant projects in Indonesia: Report
Monday, April 9 2007 - 05:00 AM WIB
Hyderabad-based company Lanco Infratech is planning to set up power plants in Indonesia, which is expanding its generation capacity in a bid to tackle a power shortage, Hindustan Times reported Monday.
The Indian company hopes to set up two projects, each with a capacity to generate 200 MW in that country, according to Lanco Group chairman L. Madhusudhan Rao.
Lanco expects to invest US$ 400 million (Rs17,200 million) in these coal-based projects. One project is in Bali and the other to the south of Sumatra.
Lanco is competing with Korean and Malaysian power firms for the projects. The projects will have coal linkages from the mines (coal will be transported to them) and are not coal pit head projects (ones located by the coal mines).
Lanco joins Tata Power and NTPC, India?s largest power-generation firm, both of them have decided to set up power plants in the Southeast Asian nation. (*)