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TLDN to build a biogas power plant on TPS’s land

05 December 2022 15:27

JAKARTA – PT Teladan Prima Agro Tbk (TLDN) will reassign the plan of the construction of Biogas-fueled Power Plant to the tract of land owned by PT Telen Prima Sawit (TPS) from the initial plan on the land of PT Telen (TLN).

Arya Wibisana, Corporate Secretary of Teladan Prima Agro, claimed that the location shifting of this power plant project is not very far, as they are still in the same area. “TLN and TPS are both located in the East Kutai Regency. This change of plan will not alter the fund utilisation as mentioned in the original design during the initial public offering,” he explained thoroughly in the information disclosure quoted Monday (5/12).

This upcoming biogas-fuelled power plant has a potential production rate of 5.3 million Nm3 of gas per year, which may be converted into 1.2 megawatt (MW) of electricity.

In its IPO, TLDN aimed to score IDR 1.32 trillion, allocating 71% for palm plantation acquisition and the remaining 29% or IDR 382.80 billion for TPS and DL’s working capitals. Both subsidiaries will then get IDR 198 billion and IDR 184.80 billion of financial support, respectively. (LK/ZH)

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