Marubeni : Korea Midland Power Co., Ltd., Samtan Co., Ltd., and PT. Indika Multi Energi Internasional enter into Memorandum of Understanding for development of Cirebon 3 Coal Fired Power Plant Project in Indonesia
May 16, 2016 at 10:18 pm EDT
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Marubeni Corporation
May 17, 2016
Marubeni, Korea Midland Power Co., Ltd., Samtan Co., Ltd., and PT. Indika Multi Energi Internasional enter into Memorandum of Understanding for development of Cirebon 3 Coal Fired Power Plant Project in Indonesia
Marubeni Coporation ("Marubeni") has agreed with Korea Midland Power Co., Ltd. ("Komipo"), Samtan Co., Ltd. ("Samtan") , and PT. Indika Energi Internasional ("IMEI") to jointly develop the Cirebon 3 Coal Fired Power Plant (1,000MW) in the area adjacent to the Cirebon Coal Fired Power Plant Project and the Cirebon 2 Coal Fired Power Plant Project, which is under construction in the district of Cirebon, located in West Java Province, Indonesia. Marubeni entered into a Memorandum of Understanding with Komipo, Samtan, and IMEI for the development of this project on May 16, 2016.
The Government of Indonesia has set a target to provide an additional 35GW of power capacity by 2019. As a result, there is a high expectation for overseas IPP developers to supply power to meet an increasing demand under the growing economy. Marubeni and other consortium companies will continue to contribute to stable power supply and economic development in Indonesia.
In the power project market, Marubeni has expanded its power generation assets to over 10GW in 22 countries, including Japan. Marubeni is committed to contributing to the development of infrastructure in Asian countries by utilizing its extensive experience and know-how.
- Project Site
:
Cirebon, West Java Province, Java Island, Republic of
Indonesia
- Generating Capacity
:
1,000MW (Ultra-supercritical technology will be apllied)
Korea Midland Power Co., Ltd.
- Establishment
:
April 2001
- Representative
:
Chang Kil Chung (President & CEO)
- Headquarters
:
Boryeong, Korea
- Business outline
:
Production and sales of electricity
Samtan Co., Ltd.
- Establishment
:
December 1962
- Representative
:
Joon Soo Han (CEO)
- Headquarters
:
Seoul, Korea
- Business outline
:
Mining and sales of coal and coal resources development
PT. Indika Multi Energi Internasional
- Establishment
:
September 2012
- Representative
:
Heru Dewanto (President Director)
- Headquarters
:
Jakarta, Indonesia
- Business outline
:
Mining and sales of coal, coal resources development and
construction
Sumatra
Jakarta
Java
Cirebon
Cirebon is located 250km east of Jakarta
Marubeni Corporation published this content on 17 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2016 02:17:01 UTC.
Original documenthttp://www.marubeni.com/news/2016/release/20160517English.pdf
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Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
Marubeni : Korea Midland Power Co., Ltd., Samtan Co., Ltd., and PT. Indika Multi Energi Internasional enter into Memorandum of Understanding for development of Cirebon 3 Coal Fired Power Plant Project in Indonesia
MARUBENI CORPORATION 
