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China's largest electrical and mechanical equipment
manufacturer, Shanghai Electric Group (SEG), formally teamed up
Thursday with local company PT Truba Alam Manunggal Engineering (TAME)
to build coal-fired power plants worth US$260 million in Lampung and
Kuala Tanjung, North Sumatra.
The two companies signed the memorandum of understanding for the
projects after being directly appointed earlier this year by
state-owned power utility PT Perusahaan Listrik Negara (PLN) to help
overcome the energy crises afflicting the two areas.
TAME president director Arifin Wiguna said that the two companies would
start work on the construction of a 50-Megawatt (MW) power plant in
Lampung and a 250-MW power plant in Kuala Tanjung in 2007.
"Thirty percent of the investment will come from our company, while the
other 30 percent will be from SEG, with the remainder being financed by
loans from local banks," he explained.
Arifin said that after the two plants had been completed, the power
from the coal-fired plant in Lampung would be supplied to the Centra
Pertiwi Bahari company, which would distribute the electricity to
businesses in the area, while the power from the Kuala Tanjung plant
would be supplied to PLN to help cope with power shortages in North
Sumatra province.
To ensure the sustainability of their partnership in the future, SEG
and TAME also signed agreements covering other sectors, including the
establishment of service centers for electrical and mechanical
equipment.
"We are very optimistic about the Indonesian power market," SEG vice
general manager Zhou Jingyu said after the signing of the MoU.
SEG is currently also participating in a tender held by a consortium
made up of local companies PT Bukit Asam and PT Indika Nasional for the
construction of power plant consisting of four 600 MW generators in
Bangko Tengah, Jambi.
In the tender, SEG is competing head-to-head with other Chinese
companies, including Harbin Power Engineering and Dongfang Electric.
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