Sumitomo wins RI order

Sumitomo wins RI order

TOKYO (AFP): Japan's general trading house Sumitomo Corp. said yesterday it has received a US$220 million order from the Indonesian state-owned PLN to supply steam turbine generators.

Sumitomo said it would complete delivery of combined cycle power generators for PLN's Tambok Lorok thermal power plant in Central Java by August 1997, purchasing from Japanese, U.S. and Austrian makers.

The company said power generation capacity of the plant would increase to 500,000 kilowatts an hour with the installment of the new generators, which will have combined capacity to generate 200,000 kilowatts an hour.

Sumitomo said the Export-Import banks of Japan, the United States and Austria were expected to extend concessional loans to PLN to finance part of the contract.

It said Japan's ministry of international trade and industry will underwrite a trade insurance on the contract for PLN.