Wednesday, December 28, 2005

PGN awarded another pipe supply contract to Bakrie

Two months ago, PT Perusahaan Gas Negara (PGN) Tbk awarded a US$84 million contract to PT South East Asia Pipe Industries (Seapi), a subsidiary of PT Bakrie & Brothers Tbk, to supply pipes for the Labuhan Maringgai-Muara Bekasi undersea gas pipeline project.
Seapi will work with Indian company Welspun Gujarat Stahl Rohren Ltd to supply 32 inch diameter pipes for 160 km. Contractor for the project is in the bidding process.
Meanwhile, PT Bumi Kaya Steel Industries, also a member of the consortium led by PT KHI Pipe which won the contract to supply 272 kilometers of steel pipe with diameter 32 inches at total contract value of US$120 million from PGN in June.
No information available of who control Bumi Karya Steel. But one of its executive is the chairman of Indonesia Pipe Industry Association (Gapipa).

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