Sarawak firm takes up 25% stake in major Indonesian hydro-electric project

SARAWAK Energy Bhd (SEB) has taken a 25% equity in the consortium building the US$2.6 billion (RM11.53 billion) hydro-electric dam project at Mentarang, North Kalimantan.

Two Indonesian firms, PT Adaro Energy Indonesia TBK and PT Kayan Patria Pratama have taken a 50% and 25% stake respectively.