Madhucon to set up 300 MW power project in Indonesia
Hyderabad-based infrastructure company, Madhucon Projects, which is setting up its first overseas power project in Indonesia, has announced the signing of a power purchase agreement with the Indonesian government power utility PTPLN (PERSERO). The company has won the bid to build the 300 MW mine mouth coal-fired steam power plant at Dawas in South Sumatra at an investment of $410 million. The project will use coal from the mine, where it expects to mine around 5 lakh tonnes a year to begin with and take it to around 1.5 million tonne a year by 2014-end.
The PPA was signed by Madhucon Director Nama Krishnaiah and PERSERO Director Nur Pamudji.