Astra planning to expand business electricity sector

Jakarta (Antara News) - Largest automotive company PT Astra International (ASII) through its subsidiary is studying a new offer made by the Indonesian government to make investment in the private electricity sector, a spokesperson has said.

"There is still no material information that can be reported to the Jakarta Stock Exchange and to the public," PT ASII corporate secretary Aminuddin said in response to the Jakarta Stock Exchange`s request for explanations on the company`s plan.

In principle, the company always explored and studied any business opportunity as part of a process to make a decision on investment, he said.

"The company believes that investment in the private power plant sector is promising," he said.

PT Astra would inform the public of its material plan in the future, if any, he said. (*)
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