State-owned construction company PT Wijaya Karya (JSX:WIKA) said it had agreed with the Chengda Engineering Corp. of China to build a coal-fired power plant in East Kalimantan.Wika and Chengda had formed a consortium with a share split of 51:49 to build the 130-megawatt power plant in Kutai Kartanegara, at a cost of Rp1.4 trillion (US$155 million), the newspaper Investor Daily said.
The two signed an engineering, procurement and construction (EPC) contract last weekend, Wika President Bintang Perbowo told the newspaper. Construction would start this year and be completed in 2010.
source: Antara | July 2008
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