JIIPE Gets Approval For Captive Power Plants & Distribution

JAKARTA – The Board of Directors of PT AKR Corporindo Tbk (“The Company”) is pleased to announce that Indonesian Investment Coordinating Board (BKPM) on June 17, 2016, has granted approval to Java Integrated Industrial & Port Estate (JIIPE) to produce, distribute and manage its power requirements within the Industrial Estate. This approval frees up the entire business area of JIIPE (~3,139 ha) for generating, distributing and managing power on its own.

The power supply will be used by the tenants of the industrial estate, port facilities, residential and general infrastructure facilities of JIIPE.

This captive supply and consumption will ensure quality and uninterrupted supply of power to the end-users. This is in line with the vision of JIIPE to provide efficient energy distribution as part of integrated industrial and port estate.