Press Release

PT Bukit Asam (Persero) Tbk. or PTBA established a subsidiary company, PT Bukit Energy Investama (BEI) for business group to support PTBA development in Energy Business. The development that was part of PTBA business diversification consisted of Steam Sourced Power Plant (PLTU) Development, Engineering Procurement and Construction (EPC), Operation and Maintenance. It was also for coal produced refinerery, chmical industry, and chemical goods as refining, producing and chemical processing.

BEI establishment as business group, PTBA can develop each business opportunity more professional and focus for each opportunity through BEI. Therefore, this subsidiary and affiliated company wil give strategic role to support PTBA as its holding company.

Currently PTBA has operated 3 x 10 Megawats PLTU in Tanjung Enim mine entrance, South Sumatra to use its generated electricity. The 2 x 8 Megawats PLTU in Tarahan Port, Bandar Lampung also generated electricity PTBA need for port operation. The 2 x 110 Megawats Banjarsari PLTU in Lahat mine entrance, South Sumatra currenty is waiting to be connected with South Sumatra PLN electricity grid.

Furthermore, in 2015 second half, PTBA will start to construct 2 x 620 Central Banko PLTU (Sumsel 8) in Tanjung Enim mine entrance. The 800- 1,200 Megawats Peranap PLTU in Indragiri Hulu, Riau currently is on review for its feasibility study. Meanwhile, the 1,000 Megawats Inalum PLTU currently is on feasibility study stage.

Besides electricity generator business, BEI was developed for other energy management such as CBM management in PTBA Tanjung Enim area that commercially scheduled to produce in 2016 with energy produced equal to a PLTU with 250 Megawats.

PTBA also preparing to acquire Australia based company Ignite Energy Resources Ltd that has technology for liquid coal, Cat-HTR and coal upgrading. The due dilligence for this acquisition is estimated to be issued before 2015 first half finished to decide how many share can be purchased by PTBA.

Previously, PTBA has also established subsidiary as business group in 2014 named PT Bukit Asam Investama (BMI). BMI acquired PT Bumi Sawindo Permai business on palm oil, PT Satria Bahana Sarana business on mining service and setablished PT Bukit Asam Medika to manage hospital and polyclicic business.

With BEI establishment, PTBA has added another subsidiary among previously established for business in mining, PLTU management, coal trading and affiliated companies on mining service, marine transportation for coal, port service and palm oil plantation.