Malaysian firm, YTL Power, plans to bid for a $3bn coal-fired power plant in Central Java, Indonesia, in partnership with a number of Japanese firms.
The consortium with the Japanese firm holding an 80% stake and YTL holding the remaining 20% is expected to submit the tender documents within a month, according to Malaysian Reserve.
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Equity funding for the 2,000MW plant was expected to amount to $500m.
At present, YTL Power owns a 35% stake in Indonesia’s Jawa Power, which owns a 1,220MW coal-fired power plant in East Java.
