State-owned steel producer Krakatau Steel (KRAS) intends to divest its unit, PT Krakatau Daya Listrik (KDL), to another state firm in the fourth quarter (Q4) of 2019. KDL has assets worth US$230.57 million and is a profit entity. KDL operates five coal-fired power plants (PLTU) with a capacity of 80 megawatts (MW) each or 400 MW in total.

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