Press Release

PTBA explores again the steam power plant project in Myanmar and Vietnam for the next year. The total capacity of the steam power plant is around 800 megawatts (MW).

Corporate Secretary of PTBA Adib Ubaidillah said, the power plant's expansion has been initiated since 2013. However, the process still takes time. In Myanmar, the company is waiting for a conducive situation in the candidate steam power plant locations.

"The company has received a principle license from the Ministry of Electricity Myanmar. According to the plan, we want to build a 2x100 megawatt," Adib said as quoted by Investor Daily on December 13, 2016.

Adib said, the company will hold private entities of Myanmar that has recommended by Myanmar Ministry of Electricity. For a prime of the steam power plant project outside the country, PTBA will enter with a minority interest in the first, which can then be scaled back.

Hopefully, by taking the steam power plant project in Myanmar, PTBA can encourage the supply of coal to the country.

As for Vietnam, Adib explained that the company received an offer to take some equity in the electric steam power plant project. However, the company is still studying whether the scheme's equity portion is quite safe and profitable in the future.

"In Vietnam, we are looking for the steam power plant project with a capacity of 600 megawatts. Currently the prospects of cooperation with state-owned Vietnam, "said Adib.

Adib added that regional expansion is done to maximize coal production in the long term. Sales to countries visible region began to increase.

"Not a long ago, there was an agreement to Vietnam coal supply about 1.5 million tonnes for 2018," said Adib.

The plan, funding overseas expansion will be prepared from internal cash and external sources.