ENG

Energy

In 2015, the Group acquired an energy project to develop coal-fired steam power plants (with a net capacity of 2*150 megawatts) in the Medan industrial zone of Indonesia (the “Medan Project”). The project company for the Medan Project, PT. Mabar Elektrindo (“PT Mabar”), entered into a power purchase agreement with the local state-owned power grid company, PT Perusahaan Listrik Negara (Persero). The structural construction for the Medan Project is basically completed and it is currently at the stage of installation works.