Execution of Long-Term Power Purchase Agreement for a New 2GW Coal-Fired IPP Project in Indonesia

October 6, 2011, 11:19 am | Admin

Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Masayoshi Kitamura, President; hereinafter “J-POWER”), PT ADARO POWER, which is a wholly owned subsidiary of PT. ADARO ENERGY Tbk. (IDX: ADRO; headquartered in Jakarta, Indonesia; Garibaldi Thohir, President Director; hereinafter “ADARO”), and ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President and CEO; hereinafter “ITOCHU”) announced the execution of a long-term Power Purchase Agreement (“PPA”) between PT. BHIMASENA POWER INDONESIA (headquartered in Jakarta, Republic of Indonesia; Kenichi Seshimo, President; hereinafter “BPI”), a company established by the three-company consortium, and Indonesia’s state-owned electricity company, PT. PLN (PERSERO) (“PLN”), this afternoon in Jakarta. The PPA includes the construction of a coal-fired power plant with a total capacity of 2,000 MW in the province of Central Java (“Central Java Power Plant”/”CJPP”) and a 25-year supply of electricity to PLN. The total project cost is approximately US$4 billion.

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com

Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

For more information, please click here.

Last modified on March 10, 2017, 9:43 am | 1635