Firms look to venture into power business

A number of publicly listed firms are looking to venture into the power-supply business to cash in on more stable income as the government’s plan to boost the country’s electricity capacity has opened doors for expansion.

The companies, which are mostly from the construction and coal-mining sectors, have stated that they are mulling making an entry into the independent power producer (IPP) business, looking to tap opportunities offered by the new government’s 35,000 megawatt (MW) electricity procurement plan in the next five years, 20,000 MW of which is expected from IPPs.

Reza Nugraha, an analyst from MNC Securities, said that the companies’ move to indulge in the power-supply business was indeed a smart move, if not a must.
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Posted February 18, 2015 by repit in News

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