JAKARTA (IFT) - PT PLN (Persero), state-owned power company, is bidding out the tender engineering, procurement, and construction (EPC) of Asahan 3 hydropower project with 2x87-MW capacity located in the districts of Tobasa and Asahan, North Sumatra. Mochammad Sofyan, Head of Renewable Energy Division at PLN, said that the project’s construction requires US$ 250 million funding.
The project is funded by the Japan Bank for International Cooperation. The Company plans to start the main construction next year and begins the plant’s operations in 2015.
PT Bank Nasional Nobu Tbk (NOBU)
The company projects its loan growth in 2014 to reach 66.66 percent to Rp 2 trillion from 2013’s estimate of Rp 1.2 trillion. The high loan growth target is needed to catch up with larger banks. The company obtained significant loan growth since it became a public company through IPO earlier this year. Bank Nasional Nobu’s loan as of November of 2013 surged 256 percent YOY to Rp 868.87 billion from Rp 243.74 billion.
PT Modernland Realty Tbk (MDLN)
The property issuer’s bond issuance value as of the third quarter of 2013 reached Rp 3.36 trillion, or the highest among other property issuers. The bond issuances of PT Summarecon Agung Tbk (SMRA), PT Intiland Development Tbk (DILD), and PT Agung Podomoro Land Tbk (APLN) reached Rp 450 billion to Rp 1.2 trillion.
PT Erajaya Swasembada Tbk (ERAA)
The listed mobile phone retail company targets to open 120 new retail outlets in 2014, or higher than 2013’s new retail outlet target of 105 outlets. The company’s retail outlets as of the third quarter of 2013 reach 445 outlets. These include the outlets owned by Erajaya’s subsidiaries, PT Erafone Artha Retailindo, and iBox outlets.
PT Surya Citra Media Tbk (SCMA)
The listed broadcasting company allots Rp 200 billion for its 2014 capex. Most of the capex will be used to develop transmission infrastructure. The company plans to use the capex to expand its network to four or five large cities in Indonesia, aside from 10 existing large cities. The company will also conduct network transmission improvements in existing cities.
PT Millennium Pharmacon International Tbk (SDPC)
The listed pharmaceutical distributor’s operating cost as of October of 2013 climbed 10.8 percent YOY to Rp 97.92 billion from Rp 75.25 billion due to the increase in several operating cost components. The increase in operating cost was also attributed to the government’s decision in raising subsidized fuel oil prices this midyear.
PT Asuransi Umum Bumiputera Muda 1967
The company, also known as Bumida, projects its premium revenues in 2014 to climb 5-10 percent from 2013’s estimate of Rp 638 billion. The 2014 premium revenue projection is lower than this year’s projection of more than 10 percent. The low projection is attributed to the general election in 2014. The weakening of consumer spending power due to high inflation also caused insurance product sales to decline. Bumida’s premium revenues as of November of 2013 grew around 10 percent YOY to Rp 600 billion.