Krakatau to build new power plant
PT Krakatau Daya Listrik, a subsidiary of steel manufacturer PT Krakatau Steel, is expanding its power generating capacity with a new coal-fired power plant (300 MW capacity) which may cost around USD300 million.
Amir Sambodo, president commissioner of Krakatau Steel told me this morning that the new power plant will be coal-fired to meet increasing demand as the group expand facilities.
"KDL operates 400 MW gas-fired power plant at the moment. The new plant will be 2x150 MW," he said.
Krakatau wants the new plant will be built with BOT scheme. "We're hoping to accomplish the pre-qualification bidding before the end of this quarter," he said.
Krakatau has several corporate actions this year. The pipe manufacturer subsidiary PT KHI Pipe will enter stock market with IPO of up to 30% shares next quarter. "We're conducting beauty contest to select financial advisors for KHI Pipe," he said.
Most of the funds raised through that IPO will be used to finance capacity expansion.
Another subsidiary, tinplate manufacturer PT Latinusa, is looking for strategic partner to buy 10% of its shares before it launch IPO next year.
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Amir Sambodo, president commissioner of Krakatau Steel told me this morning that the new power plant will be coal-fired to meet increasing demand as the group expand facilities.
"KDL operates 400 MW gas-fired power plant at the moment. The new plant will be 2x150 MW," he said.
Krakatau wants the new plant will be built with BOT scheme. "We're hoping to accomplish the pre-qualification bidding before the end of this quarter," he said.
Krakatau has several corporate actions this year. The pipe manufacturer subsidiary PT KHI Pipe will enter stock market with IPO of up to 30% shares next quarter. "We're conducting beauty contest to select financial advisors for KHI Pipe," he said.
Most of the funds raised through that IPO will be used to finance capacity expansion.
Another subsidiary, tinplate manufacturer PT Latinusa, is looking for strategic partner to buy 10% of its shares before it launch IPO next year.
Labels: Krakatau
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posted by yosef at 11:59 AM
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