TBS Energi to Improve Energy Business Portfolio through Acquisition

PT TBS Energi Utama Tbk (TOBA) intends to boost its renewable energy business portfolio this year. TBS Energi deputy president director Pandu Sjahrir revealed the company's plan to acquire a mystery company engaged in the green energy business. "[We are interested] in acquiring a power plant, a renewable energy company," he confirmed Thursday.
Pandu added that TBS Energi Utama would also work on three to four new renewable energy projects this year. "We have to develop, at least add, about 200-300 megawatts of capacity from the non-coal sector," he said.