Announcement on the Declaration of Force Majeure by BPI

July 7, 2014, 12:13 pm | Admin

Jakarta, July 7th, 2014 – PT Adaro Energy Tbk (“AE”) (IDX: ADRO) today announces it has been notified by PT. Bhimasena Power Indonesia (“BPI”), of which AE holds a 34% stake through its wholly owned subsidiary, PT Adaro Power, that BPI declared force  majeure on Friday June 27th, 2014 on the construction of BPI’s 2,000 MW coal-fired power  plant in the province of Central Java  (“Central Java Power  Plant”/”CJPP”) by sending Force Majeure Notice to its EPC contractors and to Indonesia’s state-owned electricity company, PT. PLN (Persero) (“PLN”). The BPI force majeure has no impact to AE’s profitability.

Last modified on March 10, 2017, 2:23 pm | 1904