Tenaga eyes RI power plants

Tenaga eyes RI power plants

KUALA LUMPUR (Dow Jones): Malaysia's dominant power company
Tenaga Nasional Bhd. will develop and implement two power
projects in Indonesia, national news agency Bernama reported late
Friday.

Tenaga's wholly-owned subsidiary TNB Engineering & Consultancy
Sdn. Bhd. has signed two agreements with Indonesian companies for
the projects.

The definitive agreements will be finalized within six months
and TNB Engineering will proceed to raise financing for the
projects. The report didn't give the project cost.

The first agreement is with PT PLN Pembangkitan Tenaga Listrik
Jaya Bali 1 and PT PLN to develop and implement two 60 megawatt
capacity steam power plants in Tanjung Karang, in South Sumatra.

The second agreement was with PT Pln Pembangkitan Tenaga
Listrik Jawa Bali 2 and PT Pln to develop another two 60MW
capacity steam power plants in Minahasa, in North Sulawesi.

All four 60 megawatt power plants will be relocated from
Malaysia to Indonesia. The plants, now located in Port Dickson,
in Malaysia, are being decommissioned to make way for the
development of the Tuanku Jaafar Power Station.

Under the agreements, TNB Engineering will set up two
subsidiaries in Indonesia to develop the projects.