Realm in talks with PLN on power plant projects
Thursday, April 30 2015 - 08:10 AM WIB
ASX-listed Realm Resources Ltd announced on Thursday it engaged with state owned electricity firm PT Perusahaan Listrik Negara (PLN) to express its readiness to participate in the Indonesian high growth power sector.
PLN noted that it was already in process with another party on PLTU Kalselteng 1 coal fired power plant project (2x100MW) and that it would only know later this year if the tender was going to be reopened again. Importantly, PLN encouraged Realm to participate in PLTU Kalselteng 3 project (2x100MW) which was due to be put to tender later this year.
?Realm continues to engage with prospective partners and/or buyers seeking to develop power stations in Indonesia with the recent focus aimed at establishing a consortium to prepare for the Kalselteng No.3 process later this year, and possibly Kalselteng No.1 (2x100MW) as well, should that become available,? the firm said.
Realm?s 51% owned Katingan Ria thermal coal project together with Jatenergy Limited?s Coal Soil Brik (CSB) project, are ideally suited to supply coal to a power station in Central Kalimantan. Realm has a Cooperation Agreement with Jatenergy specifically focused on their adjourning CSB project. Jatenergy?s CSB project contains southern extensions of the JORC coal resources defined by Realm and could, if combined, extend the size and/or life of a potential operation.
Editing by Johannes Simbolon