Jakarta - PT Bukit Asam Tbk (PTBA) to form a joint venture company named PT Bukit Asam Huadian Power, which is a collaboration with China Huadian Hong Kong Company Limited. The subsidiary will be working on the power plant 2x620 Megawatt (MW) mine mouth Banko Tengah in Muara Enim, South Sumatera.
As quoted from the company's written statement on the disclosure Indonesia Stock Exchange (IDX), Friday (07/09/2012), PTBA hold 45% in the subsidiary, while the remaining 55% owned by its partners. The project value was U.S. $ 1.59 billion, or equivalent to Rp 14.3 trillion.
As many as 25% of the amount will be financed by its own subsidiary capital while 75% will be deducted from the loan. The capital must be issued by a subsidiary of it as much as U.S. $ 397.73 million.
This capital investment will be done in stages to reach U.S. $ 178.98 million, according to the portion of the 45% ownership PTBA. If you calculate the dollar value of Rp 9068 per U.S. dollar, then the participation PTBA reached Rp 1.62 trillion in the joint venture
Furthermore, the joint venture company will be signing an agreement with PTBA's coal supply for a period of 25 years with the amount of 5.4 million tons per year.
The subsidiary will also sign a power purchase agreement with PT PLN (Persero) a 25-year, with net capacity of electricity supply for 2x620, 4 MW. Electricity is expected to be channeled to the electrical system of Sumatra and Java.(*)
As quoted from the company's written statement on the disclosure Indonesia Stock Exchange (IDX), Friday (07/09/2012), PTBA hold 45% in the subsidiary, while the remaining 55% owned by its partners. The project value was U.S. $ 1.59 billion, or equivalent to Rp 14.3 trillion.
As many as 25% of the amount will be financed by its own subsidiary capital while 75% will be deducted from the loan. The capital must be issued by a subsidiary of it as much as U.S. $ 397.73 million.
This capital investment will be done in stages to reach U.S. $ 178.98 million, according to the portion of the 45% ownership PTBA. If you calculate the dollar value of Rp 9068 per U.S. dollar, then the participation PTBA reached Rp 1.62 trillion in the joint venture
Furthermore, the joint venture company will be signing an agreement with PTBA's coal supply for a period of 25 years with the amount of 5.4 million tons per year.
The subsidiary will also sign a power purchase agreement with PT PLN (Persero) a 25-year, with net capacity of electricity supply for 2x620, 4 MW. Electricity is expected to be channeled to the electrical system of Sumatra and Java.(*)
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