Monday / November 12.
HomeMiddle EastQatar's Nebras says buys 35.5% stake in Indonesia's PT Paiton Energy

Qatar's Nebras says buys 35.5% stake in Indonesia's PT Paiton Energy

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.

Source link