Malaysian firm eyes $3B Java power plant

YTL Power will bid for a $3 billion coal-fired power plant in Central Java, Indonesia, in partnership with a number of Japanese firms.

The consortium with the Japanese firm holding an 80% stake and YTL holding the remaining 20% is expected to submit the tender documents within a month, according to Malaysian Reserve.

YTL Power of Malaysia owns a 35% stake in Indonesia's Jawa Power, which owns a 1,220MW coal-fired power plant in East Java.

Equity funding for the 2,000MW plant was expected to amount to $500 million.