PT Bukit Pembangkit Innovative, an subsidiary of PT Tambang Batubara Bukit Asam Tbk, raise US$219.78 million loan from PT Bank Negara Indonesia Tbk. The loan will allocated to build Banjarsari steam power plant in South Sumatera.
Corporate Secretary of Bukit Asam Achmad Sudarto said the 2x110 megawatts power plant is expected to finish in mid 2014. The project is located in Lahat distric. A China-based company China National Electric Engineering Co. Ltd has been appointed as a contractor of engineering, procurement and construction (EPC) of Banjarsari steam power plant.
Meanwhile, PT Citacontrac, an Indonesia-based company, will develop the transmission network from Banjarsari steam power plant to Lahat main station length of 24 kilometres. Currently, Bukit Asam owns 59.75% of Bukit Pembangkit’s shares.
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