Astra International, the country’s largest automotive distributor, joined hands with India’s Tata Power, to venture into the business of electricity generation in Indonesia.
Astra, through its unit Astratel Nusantara, agreed to set a up a joint venture with Tata Power, a subsidiary of the Tata Group.
Astra will control 50 percent of the joint venture, which has not been named yet, while Tata Power will control the rest.
Astra is currently participating in the tender process to build a 200-megawatt power plant. It was not disclosed where the plant will be located.