By Dominikus
China-based Wuxi Huaguang Environment & Energy Group Co., Ltd. has signed a contract with Malaysia-based Press Metal Aluminium Holdings Berhad (PMETAL) for a thermal power plant supporting project. The agreement includes the supply of four 220t/h Circulating Fluidized Bed (CFB) boilers and is valued at over one billion yuan (approximately US$ 138.2 million). The project is linked to Press Metal’s upcoming alumina refinery under PT Kalimantan Alumina Nusantara (KAN) in Sanggau, West Kalimantan, Indonesia.
The contract was signed in a ceremony on March 4 by Li Yansong, representing Wuxi Huaguang’s management, and Choa Wei Keong, Deputy Chief Executive Officer of PMETAL. The event was also attended by Tan Sri Dato’ Koon Poh Keong, Group Chief Executive Officer of PMETAL.
Read also : Press Metal eyes stake in Indonesian alumina maker
The project will include a power plant, a port, and supporting infrastructure. Once completed, it will meet the power and steam requirements of Qili Aluminum’s production, ensuring a higher self-sufficiency rate and a stable alumina supply, which is crucial for the company’s sustainable development.
According to PMETAL’s release on September 18, 2024, the company plans to construct an alumina refinery in Sanggau with an initial production capacity of 1 to 1.2 million metric tonnes (Phase 1), with the potential to double output in a future expansion. The total investment for Phase 1 is estimated at US$ 750 million (equivalent to RM3.238 billion). Press Metal holds an 80% equity stake in KAN, while PT Alakasa Alumina Refineri (AAR) and PT Dinamika Sejahtera Mandiri (DSM) own 19.77% and 0.23%, respectively.
Editing by Reiner Simanjuntak
