Gulf Petroleum to invest $6 M in Riau power plantadmin
Gulf Petroleum Ltd., a consortium of Qatari and Bahrain companies, will invest US$6 million in a coal-fired power plant in Indragiri Hulu, Riau province.
The company would cooperate with PT Ridlatama Energi Group of Indonesia in building the power plant with a capacity of 2X300 megawatts, Abdul Aziz Addulaimi, the director of Gulf Petroleum Ltd., said after meeting Vice President Jusuf Kalla here Thursday.
PT Ridlatama Energi Group President Director Anang Widjiantoro said work on the construction of the power plant was expected to start late July 2007.
Hopefully, the power plant would be operational starting 2011, he said.
Ridlatama Energi Group is operating 11 coal fields in Indragiri Hulu.
The consortium is also looking into the possibility of investing in a power plant with a capacity of 2X150 negawatts in East Kutai, East Kalimantan.
Information from: www.antara.co.id