Titan to finish Servo Project by end 2016

By Tri Subhki R

Coal mining and infrastructure company PT Titan Infra Energy aims to finish the construction of its Servo Project by the end of 2016. Titan acquired the 110-km coal hauling road project in South Sumatra in early 2014.

Kusnadi Sukarja, Chief Executive Officer of PT Titan Infra Energy, said to Petromindo.com that the project will unlock the abundant potential of South Sumatra's coal resources, not only the company' two coal concessions in the province.

Titan owns two coal concessions in South Sumatra operated by subsidiaries PT Bara Anugrah Sejahtera (BAS) in Muara Enim and PT Banjarsari Pribumi in Lahat.

"We aim to transport 2.5 million to 3 million tons of coal by using the hauling road," Kusnadi said on Thursday.

Kusnadi added that the coal will not only come from Titan's concessions, but also from other coal mines in the region.

Editing by Reiner Simanjuntak