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Monday, 16 March 09
ANTAM SELECTS PARTNERS FOR POMALAA POWER PLANT - THE JAKARTA POST


PT Aneka Tambang Tbk, Indonesia’s second-largest nickel producer, said it intended to develop a $300 million coal-fired plant in Pomalaa, Southeast Sulawesi Province, with a consortium including PT Nava Bharat Indonesia and PT Indika Energy Tbk.

The state-owned company said the development of the power plant was part of its strategy to reduce its ferronickel production cost. Antam, as the company is known, now uses a 102 megawatt hour diesel plant to supply electricity to its ferronickel smelters.

The joint venture — to be 20 percent owned by Antam and the rest by the consortium — will replace the diesel plant with two 75 MW coal-fired units.

Antam expects construction to begin at the end of 2010, with commercial operations starting in 2013. Hari Widjajanto, Antam’s senior manager for corporate strategic development, said that the company was considering coal mining acquisitions to support the plant.

In late January it was announced that Antam was eyeing six coal mining firms in East Kalimantan Province at an estimated cost of Rp 2.55 trillion ($214.2 million).
To read more The jakarta Globe 



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Thursday, 16 July 09
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