JAKARTA (Yosefardi) – PT Dian Swastatika Sentosa Tbk (DSSA), unit of Sinar Mas Group, expects its revenue to grow by up to 30% to US$780 million this year, compared to US$600 million expected for last year.
The company however said coal prices might have not to recover this year, then the growth will be supported by energy and multimedia segments. Coal business now contributes 70% of DSSA’s revenue.
The company allocates capital expenditure (capex) of US$270 million for 2014, mostly to fund its power plant project. The company is now building a mine mouth power plant with capacity of 2×150 megawatts in Musi Banyuasih, South Sumatera.
The project costs US$400 million and is targeted to complete construction in 2015.
DSSA has also acquired 10% shares of PT Inti Bangun Sejahtera Tbk (IBST), tower operator.