JAKARTA (IFT) – PT Bhimasena Power Indonesia, a joint venture company formed by PT Adaro Energy Tbk (ADRO) and two Japanese companies; J-Power and Ithocu Corporation, will supply seven million tons of coal for a steam power plant in Central Java with a capacity of 2 x 1,000 megawatts. Nur Pamudji, Director of Primary Energy of PT PLN (Persero), said that the negotiation for coal supplies will be conducted as the consortium funding the financial transaction projects more than Rp 30 trillion investment.
“The entire requirement of coal, land acquisition, excavation and others will be conducted by the consortium, ” he said, Thursday.
PT Astra Graphia Tbk (ASGR)
The information technology product distributor and document solutions company will strengthen its marketing of printer product in the small and medium enterprises (SME) in order to anticipate rupiah depreciation against US dollar in 2014. The company estimates the SME printer market to grow 10 percent per year. The low end multi-function printer market in Indonesia now reaches 14,000 units per year.
PT Pos Indonesia
The state-owned shipping company allots Rp 800 billion for its 2013 capex, or up 60 percent from 2013’s capex of Rp 500 billion. The capex hike is aimed at supporting the company’s revenue growth target of 15 percent to Rp 4.94 trillion. The capex will also be used for internal system reparation, network investments, and improvements of Pos Indonesia operating system—which includes information technology system.
PT Sarana Multigriya Finansial
The state-owned housing financing company has issued medium term notes (MTN) worth Rp 520 billion. The MTN has a one-year tenor with coupon of 9.5 percent. Proceeds from the MTN issuance will be used to fund the company’s 2013 working capital. Sarana Multigriya Finance appointed PT CIMB Securities Indonesia as the arranger for the MTN issuance
PT Siloam International Hospitals Tbk (SILO)
The listed hospital management company acquires two Bali International Medical Center (BIMC) hospitals in Kuta and Nusa Dua, Bali, through the acquisition of 80 percent stake from PT Medika Sarana Traliansia for a total of Rp 308 billion. Siloam now operates three hospitals in Bali. The two hospitals are expected to start contributing revenue to the company in 2014.
PT Dwi Aneka Jaya Kemasindo
The cardboard packaging company has delayed its IPO to 2014, even though it has already conducted book building on November, 2013. The postponing of the IPO was attributed to unstable capital market conditions due to the global economic turbulence. The company continues to monitor the stock market’s condition, and expects to conduct IPO in the first quarter of 2014.
PT J Resources Asia Pasifik Tbk (PSAB)
The company’s 2014 capex allocation drops around 75 percent to US$ 50 million from 2013’s capex of US$ 200 million. Most of the company’s 2013 capex is used for exploration of three new mine areas, Penjom, Bakan, and Seruyung. Gold production capacity from the Penjom mine will climb to 1.29 million tons of gold ores from the installed capacity of 740,000 gold ores.