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Mitsui E&S restarts build of money-bleeding Indonesian coal plant

Coronavirus-induced losses will not exceed existing reserves, CEO says

Mitsui E&S Holdings builds a wide range of products from power plants to oil tankers. (Photo courtesy of Mitsui E&S Holdings)

TOKYO -- Mitsui E&S Holdings has resumed construction of a coal-fired power plant in Indonesia that was halted earlier this year in response to the global spread of the coronavirus.

The Japanese engineering company was supposed to finish building two 1,000-megawatt facilities by November. Though Mitsui E&S decided to resume construction in September, it is expected to miss this deadline.

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