ADHI to take on Jenelata Reservoir project worth IDR 4.15 trillion
JAKARTA – PT Adhi Karya (Persero) Tbk (ADHI) will take on the project package of the Jenelata Reservoir in Gowa, South Sulawesi worth IDR 4.15 trillion. This project will be joined by PT Wijaya Karya (Persero) Tbk (WSKT) and China CAMC Engineering Co Ltd.
In the press release quoted Friday (1/7), Farid Budiyanto, Corporate Secretary of Adhi Karya, said that the company will handle 22.15% of the project. “The contract signing for this project package took place on June 29, 2022,” he revealed.
According to Budiyanto, said project will be added to the new contract portfolio that was successfully obtained by the company until the first half of this year.
Until May 2022, ADHI managed to secure new contracts, 86% of which came from the construction business, 6% from the property, and 8% from other business lines. Funding-wise, 76% of those projects were categorised as private projects, while the state-owned and regionally-owned enterprises fund another 6%. (LK/ZH)