Reflections on the Second Anniversary of Pupuk Indonesia Energi

18Aug '16

Reflections on the Second Anniversary of Pupuk Indonesia Energi

Celebrating its second anniversary on August 18th, 2016, PT Pupuk Indonesia Energi (PI-Energi) held a tumpeng celebration at its office in Petrokimia Gresik Building, Jakarta. The anniversary was attended by the Board of Directors, employees and invited guests.

At is relatively very young age, PI-Energi has marked some important progress. On November 16th, 2015 PI-Energi and PT Petrokimia Gresik have reached an agreement on power and steam purchase. This 20 years agreement shall be effective in February 2018 with Built, Operate, and Own (BOO) scheme.

Then on November 18th, 2015, PI- Energy and PT Perumahan Persero (Tbk) (PT PP) have signed an EPCC contract for the construction of Gresik Gas Cogeneration Plant (GGCP). It is a 22 months project contract with a contract value of 47 million US dollars (USD). The plant shall have an installed capacity of 22 MW electricity and 160 tons/hour of steam to supply the electricity and steam needs of the currently developed Ammonia-Urea II plant of PT Petrokimia Gresik, which is located in the Gresik Petrokimia Industrial Estate. GGCP project has started in late November 2015 and is targeted to be completed by September 2017, and shall start its full commercial operation around November 2017.

On July 27th, 2016, PI-Energi has signed a Credit Agreement with PT Bank Sumitomo Mitsui Indonesia (SMBC Bank) to finance the construction of the GGCP Project. PI Energi has secured a 63.5 million US dollars (USD) and IDR 400 billion project credit with eight years tenor, which is extendable for three years.

In the spirit of its second anniversary, PI Energi is hoping for an emphasized cohesiveness and togetherness, and a stronger sense of kinship between its employees so the company can continuously improve in the future. “Together, we can mark our future success together with a better PI-Energi. Hopefully, on this second year, PI-Energi progress even further “ President Director of PI-Energi, Tentaminarto, said in his remarks. Also present, the Commissioner of PI-Energi, Dana Sudjana, who stated that PI-Energi has so far achieved its targets and is expected to perform even better in the near future.

 

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