Mitsubishi to build RI plant

Mitsubishi to build RI plant

TOKYO (Reuter): Mitsubishi Corp said yesterday that it had linked up with U.S. and Indonesian firms to build a 450,000- kilowatt power plant in Java, Indonesia, at a cost of about US$700-$800 million.

The coal-fired power plant is scheduled for completion by April 2000 in Cilacap, central Java, a Mitsubishi spokesman said.

The project is expected to sign a power-supply contract with Indonesia's state electricity company, PLN, as early as July, he said.

Mitsubishi and U.S. energy firm Duke Power Co's subsidiary Duke Energy will each hold a 40 percent share of the project, while the remainder will be owned by Indonesian companies, the spokesman said.

Boilers and turbines for the new plant will be ordered from Mitsubishi Heavy Industries Ltd, he added.