trending Market Intelligence /marketintelligence/en/news-insights/trending/EL3Yw99SWPXxA636_YNZIg2 content esgSubNav
In This List

Bukit Asam plans 6.5 trillion rupiah spending to expand downstream coal business

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Podcast

Energy Evolution | How will US Democrats' new deal on climate affect the energy transition?

Podcast

Energy Evolution | New York's aggressive climate goals create a market for manufacturers


Bukit Asam plans 6.5 trillion rupiah spending to expand downstream coal business

Indonesia's state-owned coal miner PT Bukit Asam (Persero) Tbk. intends to invest 6.5 trillion Indonesian rupiah for capital expenditure in 2018, The Jakarta Post reported Dec. 14, citing company president director Arviyan Arifin.

The company plans to expand its downstream coal business and construct coal fired power plants, Arifin said.

Bukit Asam will source the investment from its internal cash resources as well as third-party loans, including bond issues. Arifin noted that the company currently has about 4.5 trillion rupiah available for capital expenditure.

As of Dec. 14, US$1 was equivalent to 13,566.00 Indonesian rupiah.