Indonesian Political, Business & Finance News

China to build power plant

| Source: JP

China to build power plant

JAKARTA: Chinese investors are planning to build a coal-fired
power plant in Musi Banyuasin regency, South Sumatra, at a cost
of US$200 million. Musi Banyuasin Regent Alex Noerdin said in
Jakarta the power plant project would be completed in three
years.

The agreement was inked in Hong Kong on Nov. 7 between Chinese
investors grouped in a consortium called Gohuwa and PT Petro
Muba, a company that belongs to the Musi Banyuasin regental
government.

The power plant has a power capacity 2x100 megawatts, said
Alex.

Under the agreement, Gohuwa would finance the technology,
power plant construction and the research, while Petro Muba would
be responsible for preparing land for the power plant, arranging
the construction permit and supplying coal. Building more power
plants is seen as necessary as only 46 percent of the regency's
area is covered by power grid networks. -- Antara

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