State-owned aluminum smelter PT Inalum plans to issue bonds valued at US$400 million in 2017 to raise fund to finance construction of a new power plant.
Inalum already has a hydro power plant in Asahan in the countrys biggest water fall of Sigura Gura in the Asahan river, the outlet of wster from Lake Toba.
“Internal study has been made . The next step is to name a financial adviser,” Inalum Finance Director Oggy A. Kosasih said here on Wednesday.
Oggy said the bond would be issued after completing the process of acquiring a 10.64 percent stake in PT Freeport Indonesia.