Van der Horst wins RI contract

Van der Horst wins RI contract

SINGAPORE (Reuter): Engineering group Van der Horst said
yesterday it had secured a US$75 million contract for a power
plant in Semarang, Central Java.

The company said it had received a letter of intent from PT
Apac Inti Corpora for the award of the contract to build a 96-
megawatt combined cycle power generating plant.

The contract included work for the construction, project
management, engineering design and services of the whole project.

VDH said the shareholders of PT Apac Inti Corpora included PT
Apac Century Corp which is majority controlled by Johannes Kotjo
and Bambang Trihatmodjo. Kotjo and Bambang are also directors and
substantial shareholders of VDH.