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.
