Indonesia Economic Booming: PT Rekin set to post US$259 mln in income this year

Jakarta (ANTARA News/Asia Pulse) - Indonesian engineering company PT Rekayasa Industri (Rekin) said it is set to post Rp2.4 trillion (US$259 million) in income this year, up from Rp1.7 trillion last year.

Rekin hopes to have a larger share in the government's crash program to build coal fired power plants with a total capacity of 10,000 megawatts and in the construction of offshore oil rigs, a company executive said.

The government, through state-owned electricity company PLN, is launching a crash program to build coal fired power plants with a total capacity of 10,000 megawatts to be completed before 2010.