UT enters power business
Tuesday, December 15 2015 - 03:15 PM WIB
By Ruli Setiawan
IDX-listed heavy equipment and mining company PT United Tractors Tbk (UT) announced on Tuesday it has set up a subsidiary PT Unitra Persada Energia (UPE) to engage in power business.
UPE will be engaged in power generation, sales, transmission and distribution and other businesses related to power.
The new firm is owned by UT with paid-up capital of Rp 259 million and UT?s subsidiary PT Pamapersada Nusantara with paid-up capital of Rp 1 million.
The board of directors include Muliady Sutio as president director, Chinthya Theresa AM and Iwan Hadiantoro as directors and Franciscus Xaverius Laksana Kesuma as commissioner.
Editing by Johannes Simbolon