Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Madhucon led consortium receives LoI for setting up a coal fired power plant

13 Dec 2011

Madhucon Project’s led consortium has received a Letter of Intent (LoI) for setting up a mine mouth coal fired power plant of 300 MW capacity (2X150) at South Samatra in Indonesia. The power plant, which is expected to commence production by next year, is coming next to existing coal mine of PT Madhucon Indonesia at Dawas site.

Further, a special purpose vehicle (SPV) for this purpose shall be formed by Madhucon Projects along with group companies. Madhucon Projects is expected to hold 65% of stake in SPV, while the remaining will be held by group companies. The SPV shall be entering into a power purchase agreement (PPA) with PT.PLN, a government company for 25 years.

Hyderabad, based Madhucon Projects is a major infrastructure company, with interests in National highways, toll road, coal, railways, irrigation, hydel, dams, canals, bridges and flyover projects.

Related Madhucon Projects Ltd. Links:

Madhucon Projects Share Price

6.63 -0.34 (-4.88%) Jun 11, 18:01
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1502.75
Rail Vikas Nigam 31.80
KEC International 397.00
NCC 90.40
PNC Infratech 256.55
View more..
Sensex vs Madhucon Projects
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323