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Press Release

JERA Sells its Shares in the Paiton Coal Thermal IPP Project in Indonesia

2021/08/20

JERA Co., Inc. (“JERA”) completed the sale of its approximately 14% stake in the Paiton Coal Thermal IPP Project in Indonesia to PT Medco Daya Energi Sentosa, a wholly-owned subsidiary of PT Medco Daya Abadi Lestari.

 

JERA will continue to renew its portfolio going forward, selling assets and reinvesting the proceeds as it optimizes its asset allocation for compatibility with a changing business environment and seeks to expand earnings.

 

Overview of the Paiton Coal Thermal IPP Project

 

Operating company:          PT Paiton Energy

Location:                            Paiton, Indonesia

Generation capacity:         Paiton I: 1,230MW, Paiton III: 815MW

Generation type:                Paiton I: Sub-critical pressure coal fired power generation        

                                          Paiton III: Supercritical pressure coal fired power generation

Commercial operation:      Paiton I: 1999, Paiton III: 2012

 

 

Overview of PT Medco Daya Abadi Lestari

 

Location:                      Indonesia

Details:                 The parent company of Indonesia's leading integrated energy and mining group.

          The operations include electricity generation and power business with gross contracted IPP (Independent

           Power Producer) and O&M (Operation and Maintenance) capacity of 3,469 MW.