KONTAN.CO.ID - BANGKOK. Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia's PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely. The sale was aligned with PTT's strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon said. The announcement came as global coal demand is set to match a record high reached nearly a decade ago.
Thai PTT Sells Coal Business to Indonesia's Astrindo for $471 mln
KONTAN.CO.ID - BANGKOK. Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia's PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely. The sale was aligned with PTT's strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon said. The announcement came as global coal demand is set to match a record high reached nearly a decade ago.