Indika Energy at a Glance
PT Indika Energy Tbk (”Indika Energy”) is an integrated Indonesian energy company, providing integrated energy solutions through its complementary investments in the areas of energy resources, energy services and energy infrastructure. Established in 2000, Indika Energy (previously known as PT Indika Inti Energi) has grown into a leading integrated energy group through strategic investments in the areas of coal production (PT Kideco Jaya Agung), Engineering, Procurement and Construction (EPC) services (PT Tripatra Engineers & Constructors and PT Tripatra Engineering), and power generation projects (PT Cirebon Electric Power). At the end of 2007, Indika Energy reported consolidated net assets of Rp 5.0 trillion (US$ 531.9 million), revenues of Rp 2.3 trillion (US$ 248.1 million), and net profits of Rp 264.9 billion (US$ 28.1 million). Indika Energy employs 689 staff throughout Indonesia.
PT Kideco Jaya Agung (Kideco) is Indonesia’s third largest coal producer measured by production. Kideco began commercial production with 1.4 million tons in 1993 and has consistently increased annual production bringing it to 20.5 million tons in 2007. Kideco is one of the lowest cost coal producers in Indonesia operating a 50,400-hectare concession area in Pasir, East Kalimantan and it holds coal mining rights under the first generation of the Coal Contract of Work (CCOW) with the Government of Indonesia until 2023. Kideco’s customers include leading power generation companies across 15 countries in Asia, Europe and North America.
PT Tripatra Engineers & Constructors and PT Tripatra Engineering (Tripatra) is Indonesia’s leading providers of logistics, engineering, procurement and construction (EPC) services to the Indonesian energy sector. Established in 1973, Tripatra has established a proven track record in the EPC market with a diverse client base consisting of international and major domestic companies in the energy and infrastructure sectors, including ExxonMobil, Chevron, BP, Hess, Conoco Phillips, Telkom, PGN, and Excelcomindo.
Established in April 2007, PT Cirebon Electric Power (CEP) is an international consortium-led power generation project involving leading international players in the energy and infrastructure sectors in Asia, including Marubeni Corporation, Korea Midland Power, and Samtan. This 660-megawatt power generation project located in Cirebon, West Java, will be equipped with the latest and most advanced ultra/super-critical boiler technology designed to consume low-calorific coal. The project, which will require a total investment of US$779 million, is expected to be completed in 2011.
TripatraKideco
Annual Report
Source : http://www.indikaenergy.com
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