Bumi Resources plans to sign a new contract with PLN

08 October 2019 10:00

JAKARTA. PT Bumi Resources Tbk (BUMI) plans to sign a new contract with PT Perusahaan Listrik Negara (Persero) or PLN in 2020.

Dileep Srivastava, Director of BUMI, said that the cooperation will be carried out through Pendopo Coal Ltd. He believes this step can increase the company's revenue. 

To increase the possibility of a new contract with PLN, BUMI will prepare a capital expenditure budget of around US$ 50 million in 2020. "Same as this year, in the range of US$ 50 million to US$ 60 million," Srivastava explained as quoted by Kontan on Tuesday (8/10) today.

In a public exposure last August, BUMI claimed to be interested in working on a number of coal gasification projects. This step is considered strategic, because it has the support of the Indonesian government. (KR/AR)

© 2020 - IDN Financials - All Rights Reserved.