SYDNEY (Yosefardi) – ASX-listed Realm Resources Ltd is engaged with PLN (Indonesia state owned electricity corporation) during the first quarter of 2015 to express Realm’s readiness to participate in the high growth power sector.
PLN noted that it was already in process with another party on Kalselteng No 1 (2x100MW) power station and that it would only know later this year if the tender was going to be reopened again.
Importantly PLN encouraged Realm to participate in the Kalselteng No 3 (2x100MW) power station proposal which was due to be put to tender later this year.
Realm continues to engage with prospective partners and/or buyers seeking to develop power stations in Indonesia with the recent focus aimed at establishing a consortium to prepare for the Kalselteng No 3 process later this year, and possibly Kalselteng No 1 (2x100MW) as well, should that become available.
Realm’s 51% owned Katingan Ria thermal coal project with Jatenergy Limited’s Coal Soil Brik project, are ideally suited to supply coal to a power station in Central Kalimantan.