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Kencana Energi targets to obtain US$ 31 million in revenue in 2020

07 April 2020 16:04

JAKARTA - PT Kencana Energi Lestari Tbk (KEEN), a new and renewable energy developer, is optimistic that its performance will remain positive this year by targeting to obtain US$ 31 million in revenue in 2020. 

Deputy Director of KEEN Wilson Maknawi said that one of the newest contributors to the company's revenue is the Hydroelectric Power Plant (PLTA) Air Putih in Bengkulu which has been operational since late last year.

The plant, he explained, had a capacity of 21 MW and was managed by a subsidiary of KEEN, PT Bangun Tirta Lestari. 

Despite expressing such confidence, the company has yet to release its 2019 financial report. In the third quarter of 2019, the company recorded US$ 19 million in revenue. (ARM/AR)

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