JAKARTA (Yosefardi) – Shares of PT Indika Energy Tbk (INDY) soared 8% to Rp810 per share this morning, rebounded 62% from its bottom.
However the stock has fallen 52% from its peak year to date.
The company allocates US$2 billion fund for power plant project with capacity of 1,000 megawatts in Cirebon, West Java.
Indika has built coal-fired power plant in Cirebon with capacity of 660 MW.