Gold Cup Electric to form JV for Indonesian grid construction

Gold Cup Electric will establish a joint venture with PT Bukaka Teknik Utama Tbk to build a factory in Indonesia for products supplying Indonesia's national electric power company. Total investment is 560 billion Indonesian rupiahs (USD 42 million), with Gold Cup contributing 55%.

“Gold Cup Electric will contribute 55 percent of the total investment of 560 billion Indonesian rupiahs (42 million U.S. dollars).”english.cctv.com

• 1 source
• english.cctv.comChinese company to set up JV for Indonesian grid construction - CCTV News - CCTV.com EnglishJan 16, 2017

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