PTBA to submit bid for Banjarsari power plant
Friday, March 4 2005 - 02:00 AM WIB
State-owned electricity firm PT PLN has shortlisted a consortium led by state-owned coal mining firm PT Tambang Batubara Bukit Asam (PTBA) to submit a tender proposal for the Banjarsari power plant project in South Sumatra, PTBA said Thursday.
?The proposal will be submitted by mid March,? PTBA said in a letter to the Jakarta Stock Exchange.
PTBA, together with PLN?s subsidiary PT PJB and PT Navigat Innovative Indonesia, has formed a consortium in a bid to develop the proposed 2x100 megawatts power plant with financing composition of 41 percent, 20 percent and 39 percent, respectively.
PTBA said that construction of the minemouth project would cost around US$ 203 million and it would require coal supply of around 1.2 million tons per year from PTBA?s mine. (Robert)