Wednesday, May 2, 2012

Madhucon Projects to build 300-MW power plant in Indonesia

Madhucon Projects (Nama Nageswara Rao, Chairman & MD) has won a tender in Indonesia to build a 300-MW (2x150-MW) coal-fired steam power plant.

PT Madhucon Sriwijaya Power, an Indonesian special purpose vehicle, has entered into a power purchase agreement with the Indonesian Government electricity body PTPLN (PERSERO), to generate and supply 300-MW gross capacity for 25 years.

The PPA was signed by Nama Krishnaiah, Director of Madhucon, and Nur Pamudji, Director of the Indonesia Company.

The total project cost is around USD 410 million. The plant will be located near to the existing Dawas coal mine of Madhucon Group`s company PT Madhucon Indonesia.

Madhucon Projects is an infrastructure company with interests in highways, road, power, coal, dams, irrigation and railways.
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