2012

Organization of the Inauguration Ceremony of Cirebon IPP Project in Indonesia

Oct. 19. 2012
Marubeni Corporation


Marubeni Corporation (“Marubeni”) is pleased to announce that the construction of the Cirebon coal-fired power plant, into which Marubeni invests, has been completed and begun its commercial operation. To celebrate this milestone event, the inauguration ceremony was held on October 18, 2012 at the plant site.

The ceremony was attended by approximately 200 people, including the guest of honor, the Minister of Energy and Mineral Resources of the Republic of Indonesia H. E. Jero Wacik, the Minister of BKPM (Investment Coordinating Board) H. E. Chatib Basri, President Director of PT. PLN (Persero) Mr. Nur Pamuji, and other government related guests such as the Head of Cirebon Regency, the Minister of the Embassy of Japan, the Embassy of South Korea, the project sponsors and construction company, the lenders such as Japan Bank for International Cooperation (JBIC), the Export-Import bank of Korea, and other commercial banks (Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd. and ING Bank N.V.) and local residents.

The generated electricity will be supplied to West Jawa area centered on Jakarta for 30 years. Considering the heavily increasing power demand in accordance to the rapid economic growth, we will contribute to the Indonesian economic growth through stable power supply.

The Cirebon power plant introduces supercritical technology, a new technology which realizes lower CO2 emissions, higher efficiency and environmentally-friendly power generation using the generation technology by higher pressure and higher temperature compared to the traditional sub-critical technology.

Marubeni places the overseas power business as one of the strategic business fields in the company, and is continuing to build up the global portfolio. Marubeni will continue to contribute to the development of the power business sector, which is the basic infrastructure in Asia and all over the world.


Project Summary of Indonesia, Cirebon coal-fired power plant

 Name of Project Company    PT. Cirebon Electric Power
 Site  Cirebon, West Java, Indonesia (approximately 250km
 to the east of Jakarta)
 Generating Capacity   660MW (net)
 Commercial Operation Date   July 2012
 Offtaker, Contract Period   PT. PLN (Persero) (Indonesian state-owned electricity 
 company). 30 years


<View of the plant>

<Site Location>

Approx. 250km to the east of Jakarta

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