JAKARTA (Yosefardi) – State construction firm PT Pembangunan Perumahan (PP) Tbk (PTPP) targets to invest in power plant at cost of up to Rp60 trillion by 2020, realized through unit PT PP Energi.
PP Energi targets to invest in 1,200 megawatts (MW) next year. It also targets some tenders of coal-fired power plant (PLTU) and gas power plant projects (PLTG).
Currently the company has PLTG projects in Talang Duku, South Sumatera with capacity of 65 MW and coal fired in Lampung (2×7 MW). PP Energi also targets PLTU in Meulaboh, Aceh with capacity of 2×200 MW.
PTPP also mulls to launch the initial public offering (IPO) of PP Energi next year, to offer 30-35% shares and to raise proceeds of Rp4 trillion.