PTPP to develop cogeneration plant in E. Java

IDX-listed construction firm PT Pembangunan Perumahan Tbk (PTPP) has obtained an EPC contract to develop a gas cogeneration plant for fertilizer firm PT Petrokimia Gresik in East Java.

Bisnis Indonesia quoted company Corporate Secretary Agus Samuel Kana as saying that the project is expected to start end of this year, and to be completed in 22 months.

The company did not say the value of the contract. In the first nine months of this year, PTPP has obtained new contracts worth Rp 16.8 trillion, a 40 percent increase compared to the same period of last year.(*)