Resource Alam sets up new subsidiary

By Ruli Setiawan

IDX-listed coal mining company PT Resource Alam Indonesia Tbk announced Wednesday it has set up a new subsidiary called PT Bumi Hidro Energi, engaged in the development of hydro and mini hydro power plants.

The company said in a statement that the board of directors of the new subsidiary includes Bambang Prijonohadi as President Director, Eric Adijanto and Tan Chandra Yapri as Directors.

Meanwhile, the board of commissioners includes Pintarso Adijanto as President Commissioner, and Luiyanto Yamin and Suparno Adijanto as commissioners. No further details were provided.

Editing by Reiner Simanjuntak