Semen Indonesia to build Rp 600b power plant
Monday, May 12 2014 - 01:22 AM WIB
IDX-listed cement maker PT Semen Indonesia Tbk plans to build a 28 MW waste heat recovery power generator in a bid to produce own electricity to reduce reliance on supply from state-owned utility PLN, Kontan reported on Monday.
The paper said that Semen Indonesia will team up with Japan?s JFE Engineering in the Rp 600 billion project, in which the Indonesian company will have a 85-90 percent stake.
Semen Indonesia Finance Director Ahzyanizzaman said that the company would use internal funds to build the power generator, which is scheduled to start in the second semester of 2014, in the hope it would be completed in early 2016.
The electricity will be supplied to its cement plant in Tuban, East Java. (*)