Antam To invest in 80MW Power Plant

(By chinca)

Updated: 2015-11-20 14:53:10

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Indonesian diversified mining and metals company Aneka Tambang (Antam) will invest IDR1.8trn (USD132.4mn) in a coal-fired power plant in East Halmahera, North Maluku Province, Indonesia. The power plant, which will reportedly have capacity of about 80MW, will support operations of Antam's under-construction ferronickel smelter. 'It has yet to be determined whether we or [state-owned electricity firm] PLN or another company will build it,' said Tri Hartono, Corporate Secretary (the Jakarta Post). Tri noted construction of the plant is expected to start in 2016 and the project is scheduled to be completed before the start of operations at the smelter's first stage. Antam also plans to build another 80MW power plant, prior to construction of the second stage of the smelter.