PT Bakrie & Brothers Tbk (BNBR), through its unit PT Bakrie Power, and Samsung C&T Corporation plan to jointly build steam power plant (PLTU) which costs around US$2 billion, Investor Daily reported this morning.
Bobby Gafur Umar, BNBR's CEO, said the power plant establishment is part of company's investment for this year. He said BNBR and Samsung had on October 2010 signed joint agreement to develop business in Indonesia, focusing on construction, infrastructure and property.
The company had also in mid of 2010 said Bakrie Power will invite Korea Power Company (Kepco) for bulding steam power plant with capacity of 2x100 megawatts located in Sangatta, East Kalimantan, close to coal mining area of PT Kaltim Prima Coal (KPC), a subsidiary of PT Bumi Resources Tbk (BUMI).
Bobby had earlier said BNBR allocated investment of up to US$800 million for funding infrastructure projects and acquisition. He said the company planned to invest around US$300-500 million in gas pipe line, toll roads and power plant.
The company had also in mid of 2010 said Bakrie Power will invite Korea Power Company (Kepco) for bulding steam power plant with capacity of 2x100 megawatts located in Sangatta, East Kalimantan, close to coal mining area of PT Kaltim Prima Coal (KPC), a subsidiary of PT Bumi Resources Tbk (BUMI).
Bobby had earlier said BNBR allocated investment of up to US$800 million for funding infrastructure projects and acquisition. He said the company planned to invest around US$300-500 million in gas pipe line, toll roads and power plant.
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