Waskita Signed Sumatra Transmission Project worth Rp6.6 T

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ThePresidentPost.com – PT Waskita Karya (Persero) Tbk has signed two electricity transmission network development package in Sumatra worth Rp6.6 trillion as part of a national program of 35,000 megawatts (MW).

Those packages are electricity networks to trace New Aur Duri, Jambi to Pranap, Riau, along 250 km worth Rp3.8 trillion, as well as electrical network package 2, with trace Pranap to Perawang, Riau, along 160 km with a construction value of Rp2.8 trillion.

The signing was done by the Director of Operations 1 Waskita Desi Arryani, MM and Sumatra Regional Business Director of PT PLN Amir Rosidin in Jakarta, Friday (10/23/2015).

Amir said the construction of this network will be the backbone of electricity distribution in Sumatra. Without the transmission network, electricity from the power plant cannot be distributed to homes.

“It is very basic, for being the first milestone in supporting the construction of 500kv in Sumatra. At this time we get the right partner to build a network,” said Amir.

Meanwhile, President Director of Waskita M. Choliq added, construction for 3 years starting from land acquisition, construction, to operation.

“Tomorrow morning we start working,” said Choliq.

Financing pattern will be met by Waskita through bank loans. Once all construction activity is completed and assets such as electricity transmission lines was completed and handed over to PLN then the entire cost of the new investment was replaced by PLN.

“Currently, we have a funding commitment from the BRI (Bank Rakyat Indonesia). Later if they want syndication or want to finance itself, it’s up to them, but the leader, at the BRI,” he said.

According to him, funds amounting to Rp6.6 trillion will be used for all development activities along the 410km network.

“10% for land acquisition as well as to pay compensation. The acquisition of land in the transmission of electricity when it is not much, just to the tower site alone and little pay compensation for the land passed over the cable, then there is for the construction itself,” he said.(qoi)