# 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%.

- Type: Partnership
- Announced: 2017-01-16
- Where: Indonesia
- Value: $42.0M
- Status: announced
- Products: electrical wire and cable
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Gold Cup Electric](https://endata.com/companies/21461.md) (partner)
- [PT Bukaka Teknik Utama Tbk](https://endata.com/companies/21462.md) (partner)

## Sources

- [english.cctv.com](http://english.cctv.com/2017/01/16/ARTITtzagV7WN7zO8yB3AA1K170116.shtml), 2017-01-16: "Gold Cup Electric will contribute 55 percent of the total investment of 560 billion Indonesian rupiahs (42 million U.S. dollars)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.