Waskita unit obtains loan to complete power plant project
Saturday, March 12 2016 - 04:24 AM WIB
IDX-listed engineering and construction company PT Waskita Karya Tbk said its subsidiary PT Waskita Sangir Energi has obtained a US$175 million loan to complete construction of a power plant project in West Sumatra.
The company said in a statement that Waskita Sangir is in the process of completing a 2x5 MW micro hydro power plant project in Sangir, South Sulok, West Sumatra.
It said that construction progress of the Rp 256 billion power plant project has reached 95 percent, with commissioning operation date targeted in June, a two-month delay from the original plan.
Waskita Karya owns 85 percent of Waskita Energi, with the remainder held by PT Shalawat Power.(*)