ABM Investama Spends $7m On Stake in Aceh Power Plant

ABM Investama, an integrated coal company, has bought control of a power company in Aceh to help it tap into the electricity market.

Jakarta-based ABM Investama, through its unit Pradipa Aryasatya, acquired a 70 percent stake in Energi Alamraya Semesta, an independent coal-fire power company in Aceh, for $7 million, the company said in a statement on Wednesday.

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Posted September 3, 2012 by repit in News

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