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WIKA kicks off construction of CPO mill in Sei Mangkei

JAKARTA (RambuEnergy.com) – State owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has kicked off the construction of a crude palm oil (CPO) million Sei Mangkei Special Economic Zone (SEZ).

The CPO mill, owned by state plantation firm PT Perkebunan Nusantara III will have capacity of 600,000 tons of CPO per annum.

WIKA said in its website that the CPO mill construction is scheduled to be completed by end May 2018.

In March this year, WIKA won a tender from PTPN III to build the CPO mill with total cost of Rp501.08 billion.

The scope of the work includes basic design, basic design, detail design for processing plant (ISBL) and utilities (OSBL); procurement (purchasing, expediting, logistics & formalities logistics); construction (site management, warehousing); project Management, HSE, quality control, commissioning, start up, including warranty.

WIKA said it will reach its full year contract target of Rp82.3 trillion this year, up from Rp81.5 trillion last year. The contract comprised of Rp52.8 trillion new contracts and Rp28.678 trillion carried over contract from previous year.

As of today, the company has booked new contracts of Rp53.6 trillion, up 112.5% from last year of Rp25.22 trillion and higher than target of Rp52.8 trillion.

Of this, around 20.73% comes from the government, 15.85% from state owned companies and 63.42% from private sector.

Among projects developed by the company are including: Convention Hall in Surabaya, Flyover Semanggi, Gas Pipeline network in Prabumulih (Rp296 billion, SPBG Bekasi, mini hydro power plant in Papua, Manado toll road, Sudirman Hill, Elevated Road Maros-Bone, Bawen-Solo Section 2 toll road. (*)

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