Between them, PT Funda's team of engineers have completed the design and construction of more than 70 hydropower projects in Asia with a total installed capacity of 4,500 MW.
ISDN Holdings, which already operates hydropower plants in Indonesia, is stepping up its presence in this market by taking a controlling stake in a contractor involved in this business.
The company, whose core business is in manufacturing, announced it is taking a 51% stake in PT Funda Konstruksi Engineering for $2 million.
