Tue, 16 May 2006
Tuesday, May 16, 2006

Tripatra got Cirebon power plant

It's just another friend. Bakrie Power lost the bidding to build 600 MW power plant in Cirebon, but it paves the way for Tripatra Engineering-Marubeni-Samtan-Komipo. While its competitor, India's Essar Group is given five days to file objections, it's almost certain that Tripatra would secure the project, newspapers reported today.
Tripatra offered power tariff of US$0.04363 per kWh to state-owned monopolist PT Perusahaan Listrik Negara (PLN), cheaper than Essar's US$0.04402/kWh. The coal fired power plant will be built with investment up to US$600 million.
Tripatra Engineering is a company closely related to Iman Taufik, key figure in Indonesian Chamber of Commerce (Kadin) and commissioner at PT Bumi Resources Tbk, a company closely linked to Bakrie Family. Taufik is also the founder and owner of Gunanusa Group. He was deputy chairman of Kadin Indonesia when Aburizal Bakrie was the chairman.
Other important names in Tripatra are Basuki Wiwoho bersama Pandri Prambono. During Soeharto years, Tripatra claimed support from Bambang Trihatmodjo, Soeharto's second son.
Last year, Tripatra secured a lucrative contract from state-owned gas distribution company PT Perusahaan Gas Negara (PGN) to build offshore gas pipeline in a cooperation with UK-based Penspen Limited.


Wed, 17 May 2006
From: JakChat
Comment by Dilli
Another good reason not to do business with Bakrie Group Companies!


Wed, 17 May 2006
From: JakChat
Comment by KuKuKaChu
yes, and especially at the moment, they are up to all sorts of tricky dealings.



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