ABM Investama subsidiary to build 5.2 MW microhydro power plant in Sulawesi

PT Sumberdaya Sewatama [IDX:SMMM], a subsidiary of diversified energy group PT ABM Investama, sets aside Rp132 billion to build a microhydro power plant with capacity of 5.2 megawatts (MW) in Sapaya, South Sulawesi.

If there were no hurdles, the construction of plant will be completed and begins commercial operation in 2017,” Elan B. Fuadi, president director of PT Sumberdaya Sewatama, said in a media statement.

The microhydro plant, PLTM Sapaya, will be developed by a joint venture company between PT Nagata Dinamika, a subsidiary of PT Sumberdaya Sewatama and a regional government company Perusahaan Daerah Gowa Mandiri. Both parties have set up a JV firm called PT Punggawa Nagata Dinamika Hidro, the majority share of which is owned by Nagata with 86 percent and the remaining 16 percent shares are held by Gowa Mandiri.

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Posted June 6, 2015 by repit in News

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