Qatar’s Nebras Power said on Sunday its subsidiary Nebras
Power Netherland BV had completed the acquisition of a 35.5 percent stake in
Indonesia’s largest independent power producer, PT Paiton Energy.
PT Paiton Energy owns a 2,045 MW thermal power plant.
Nebras announced the acquisition in a bourse statement.
In October, Nebras’ chief executive Khalid Jolo told Reuters
the company planned to acquire the stake from France’s Engie by the end of
2016.
Follow Arabian Post
Select Arabian Post as your preferred source on Google and MSN News for trusted business news and Arab politics and updates.
