WIKA | Indonesia's Leading Integrated EPC & Investment Company

Near the end of 2011, several investment projects  of PT Wijaya Karya (Persero) Tbk (WIKA) has almost completed the process,  one of the projects is Pesanggaran Diesel Powerplant  3 x 18 MW, Bali that has provided the increase of sales (sales) and earnings in 2011, but other  investment projects such as  Ambon  Diesel Power plant  25 MW,  Borang  Powerplant 60 MW South Sumatera,   Rengat Powerplant  20 MW, will give contribution for sales of the Company effectively in  2012, which targeted four of the Company’s revenue will increase an average of IDR 469, 99 billion/year until  2019 later.

Now, WIKA team at Ambon Diesel Power plant 25 MW almost complete civil structure work siince the arrival of the diesel engine in August 2011 and then, and after the installation of the engine on a foundation, beginning this December will be commercial operate date (COD) I for the two machines, following three other machines will also do COD at the end of December 2011.

Meanwhile, at Rengat Diesel Power Plant 20 MW in Riau , the six machines which imported from Austria last October has arrived and has been already installed on a foundation. Currently, it is being done or installing machinery with generator system for the machine activation. The COD plan will be carried out simultaneously for the six machines on February 22, 2012 and later, it will be sold at price IDR 335/kWh.

Another investment project is Borang  Power Plant 60 MW which located in Palembang, now entering a progress of 70%. Structure for the transformers foundation and administrative buildings are in the stage of completion, while supporting facilities such as access roads and drainage can already be utilized. Two machines are imported from Hungary will arrive on December 2011 and it is expected in January 2012 has made COD for the two machines at once. The plan, the electricity will be sold IDR 495/kWh. The four plants will contribute to Company’s earnings each year from 2012 to 2019 by 10% of sales per year. This is confirmed also by the President Director of WIKA, Bintang Perbowo in the occasion a press conference after the presentation in the “Investor Summit and Capital Market Expo 2011″ which held in Surabaya (23/11),

“The four plants will add profits of WIKA amounting IDR 46, 998 billion / year at next year. As for this year, energy sector is expected to contribute 10% of revenue of WIKA, amounting IDR 35 billion, and next, it will rise again, because we plan to increase investment in Siak  Power Plant 28 MW Project and  Micro Hydro Power Plant  13 MW in West Java. With the Income recurring activities will ensure the Company to continue growth, primarily to support the Company’s sales and profits. For that, we still have to focus on targets that have been set together, “explained Bintang Perbowo.

In addition to investments in the energy sector, WIKA is also investing in infrastructure sector. Toll Sumo Section 1-A which owned by Marga Nujyasumo Agung (Consortium of Jasa Marga-WIKA-Moeladi) along 2.3 km of total length of 36.27 km has been operating since early September 2011 ago, and currently, WIKA is completing Sumo toll road Section IB and Section 4 (Krian-Mojokerto). In this mega project, WIKA has 20% of shares. WIKA also invests in Serangan-Tanjung Benoa toll roads in Bali along 10 km which is built by a consortium of Jasa Marga, Pelindo III, PT AngkasaPura I, Bali Tourism Development Center, Hutama Karya, WIKA, and Adhi Karya, in this project WIKA has 5% shares.

WIKA’s investment business strategy is also supported by subsidiaries investment activities. WIKA Beton Concrete Factory in Karawang, West Java, whose area of 15.5 hectares has been producing 28 thousand tons of  non swivel precast concrete products since July 2011 and after construction of the plant was built just a year ago and was completed in June 2011. Concrete factory Products in Karawang is the 8th factory owned by PT Wijaya Karya Beton  to produce a box girder concrete, sheet pile, concrete poles, transmission poles and PC piles. As for projects that use this product is Kampung Melayu-Tanah Abang non-toll road project and the need for sheet pile (concrete retaining wall) for projects around Jakarta (Jabodetabek), Serang and West Java. Until September 201, the value of an investment is realized IDR 130 billion with the target at the end of 2011 reached IDR 144 billion.

In addition, in 2012 will be built Apartment, Condotel and offices area, that is investment project of WIKA Realty which  located in Cawang, East Jakarta (Kav.3-4).