Bakrie forms new firm

JAKARTA (JP): PT Bakrie & Brothers, one of the holding companies of the Bakrie Group, formed here yesterday a new sub- holding company to strengthen the group's business in the power industry and in engineering activities.

The business group, which is listed on the Jakarta and Surabaya stock exchanges, announced here yesterday that the new company, PT Bakrie Power Corporation (BPC), will cooperate with Nordic Power Invest, a Scandinavian power firm, in carrying out its business activities.

It said that the cooperation with the Scandinavian firm will cover planning, feasibility studies, project engineering, construction, management, operation and the transfer of technology.(hen)