Berau sets aside $180m for power plant

Amid a weak global coal market, major coal producer Berau Coal Energy (Berau) says it will allocate up to US$180 million to build a new coal-fired power plant to generate greater income.

Berau’s newly appointed president director, Amir Sambodo, said the company was currently studying the possibility of building a 2 by 100 megawatt (MW) mine-mouth power plant.

Amir did not elaborate further, but added that the plant would be built in a coal mining area in Sumatra and that it would cost around $170 million to $180 million in total investment.

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Posted August 19, 2014 by repit in News

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