JAKARTA - PT Bukit Asam Tbk allocated 3.5 billion U.S. dollars, or about 31.5 trillion rupiah to work on four power plant project. Coal mining companies will soon be expanding into the business independent power producer (IPP) or independent power producers. Director of Bukit Asam Sukrisno describing four coal power plant will soon be tendered PT PLN (Persero) this year, namely South Sumatra power plant with a capacity of 6 2x300 megawatt (MW) power plant with a capacity of 2x600 MW 8 South Sumatra, Riau Pranap power plant with a capacity of 2x300 MW power plant and Madura a capacity of 2x200 MW.
"Every project has a budget of different funds, depending on the capacity of electricity," he said in Jakarta. He estimated the investment in plant Sumsel 8 reached 1.4 billion U.S. dollars, Power Plant Madura 500 million U.S. dollars, and Power Plant 6 and Plant Pranap South Sumatra Riau respectively 800 million U.S. dollars. The plan, together with Bukit Asam Chinese companies in the consortium to participate in the bidding process 8 and the Power Plant Power Plant South Sumatra South Sumatra 6. The portion of the second Bukit Asam power plant in each of 45 percent and 41 percent.
To PLTU Pranap Riau, he explained, the company will form a consortium with Direct ownership and corporate India, Lanko. Bukit Asam become the majority by controlling 55 percent stake, while Pamapersada and Lanko each hold 15 and 30 percent. "If the power plant Madura, Bukit Asam will only hold 10 percent of the total share of ownership," continued Sukrisno. Outside the fourth power plant project, the Bukit Asam power plant development is also currently preparing a capacity of 2x100 MW Banjarsari and two other power plant to meet the electricity needs of the company itself, namely PLTU Tarahan 2x8 MW and 3x10 MW coal fired power plant Tanjung Enim.
Net Income
Related performance, Bukit Asam also targets 2011 net profit could reach over 3 trillion rupiah, or grow at least 50 percent of the estimated net profit of 2010 amounted to more than 2 trillion rupiah. Net profit growth will be sustained by the projected increase in revenue in 2011 is estimated at 13 trillion rupiah, or up 30 percent compared with 2010 earnings estimate of 10 trillion rupiah. "This year, we are targeting revenue the company could reach back over 10 trillion rupiah, while net income, we expect to penetrate the top 3 trillion rupiah," said Sukrisno.
Optimism is in accordance with the 2011 coal sales target that is expected to penetrate 16.9 million tons, an increase of about 31 percent from the previous year sales of coal, which is predicted to reach 12.9 million tons. For production capacity, Bukit Asam targeting 17.6 million tons of coal can be produced throughout 2011 this company. That number increased 34 percent over last year estimated at 13.1 million tons. Analyst Danareksa, Yunita Tanzaria, previously also see the potential for improving performance in the Bukit Asam in 2011 and 2012.
After pressure last year, an increase in performance in 2011-2012 will be driven by the potential increase in the average selling price of coal companies whose estimated at 74.7 to 72.5 U.S. dollars per ton. "This is based on the assumption that the coal price by 110 dollars per ton for 2011 and 105 U.S. dollars per ton for 2012," he said. (*)
"Every project has a budget of different funds, depending on the capacity of electricity," he said in Jakarta. He estimated the investment in plant Sumsel 8 reached 1.4 billion U.S. dollars, Power Plant Madura 500 million U.S. dollars, and Power Plant 6 and Plant Pranap South Sumatra Riau respectively 800 million U.S. dollars. The plan, together with Bukit Asam Chinese companies in the consortium to participate in the bidding process 8 and the Power Plant Power Plant South Sumatra South Sumatra 6. The portion of the second Bukit Asam power plant in each of 45 percent and 41 percent.
To PLTU Pranap Riau, he explained, the company will form a consortium with Direct ownership and corporate India, Lanko. Bukit Asam become the majority by controlling 55 percent stake, while Pamapersada and Lanko each hold 15 and 30 percent. "If the power plant Madura, Bukit Asam will only hold 10 percent of the total share of ownership," continued Sukrisno. Outside the fourth power plant project, the Bukit Asam power plant development is also currently preparing a capacity of 2x100 MW Banjarsari and two other power plant to meet the electricity needs of the company itself, namely PLTU Tarahan 2x8 MW and 3x10 MW coal fired power plant Tanjung Enim.
Net Income
Related performance, Bukit Asam also targets 2011 net profit could reach over 3 trillion rupiah, or grow at least 50 percent of the estimated net profit of 2010 amounted to more than 2 trillion rupiah. Net profit growth will be sustained by the projected increase in revenue in 2011 is estimated at 13 trillion rupiah, or up 30 percent compared with 2010 earnings estimate of 10 trillion rupiah. "This year, we are targeting revenue the company could reach back over 10 trillion rupiah, while net income, we expect to penetrate the top 3 trillion rupiah," said Sukrisno.
Optimism is in accordance with the 2011 coal sales target that is expected to penetrate 16.9 million tons, an increase of about 31 percent from the previous year sales of coal, which is predicted to reach 12.9 million tons. For production capacity, Bukit Asam targeting 17.6 million tons of coal can be produced throughout 2011 this company. That number increased 34 percent over last year estimated at 13.1 million tons. Analyst Danareksa, Yunita Tanzaria, previously also see the potential for improving performance in the Bukit Asam in 2011 and 2012.
After pressure last year, an increase in performance in 2011-2012 will be driven by the potential increase in the average selling price of coal companies whose estimated at 74.7 to 72.5 U.S. dollars per ton. "This is based on the assumption that the coal price by 110 dollars per ton for 2011 and 105 U.S. dollars per ton for 2012," he said. (*)
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