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Dian Swastatika sets aside $200m for power plant business

Energy and mining contractor Dian Swastatika Sentosa (DSSA), part of the Sinar Mas Group conglomerate, will allocate up to US$200 million in capital expenditure this year, most of which will go to its power plant business.

DSSA corporate secretary Hermawan Tarjono revealed that the company had set aside up to $140 million to build coal-fired power plants, while the remaining $60 million would be spent to finance other businesses.

“This year we will mainly focus on working on our [South Sumatra] power plant PLTU Sumsel-5 and preparing for [Southeast Sulawesi] power plant PLTU Kendari,” Hermawan said.