Indonesian firm plans to invest in VN power stations

Tuesday, Jul 30, 2013 10:35

JAKARTA (Biz Hub)— Indonesia's State-owned coal company PT Bukit Asam (PTBA) plans toinvest in coal-fired power stations in Viet Nam while expanding their interests in coal mining and distribution in the country.

PTBA's President Milawarma said the company had sold 500,000 tonnes of coal to Viet Nam in the first half of this year and met with representatives of the Vietnamese Ministry of Industry and Trade to discuss its investment plans for the country.

PTBA had seen an opportunity to export our coal, as well as investing in Viet Nam, he noted.—VNS

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