Radiant enters power plant business

JSX-listed PT Radiant Utama Interinsco Tbk said it would invest US$15 million as working capital to build a coal-fired power plant with a capacity of 2x50 MW in Bangka Belitung now being tendered, Investor Daily reported Saturday.

Radiant will team up with its subsidiary, PT Supraco Indonesia, in the coal-fired power plant construction project, Radiant?s corporate secretary Misyal A. Bahwal said.

The fund for the working capital will come from local and and foreign banks, he said.

The tender for construction of the coal-fired power plant in Bangka Belitung is part of the projects to provide an additional power supply of 10,000 watts under the government?s fast track program.

"The tender has entered the pre-qualification stage and the result (of the tender) will be announced by the end of this year,? he said. (*)