Monday, 2 January 2023 – Barito Pacific increased its ownership in Wayang Windu, Salak and Darajat geothermal assets, through a series of transactions: purchase of 30% effective ownership in Star Energy Geothermal Pte. Ltd (“SEGPL”) and purchase of 30.25% shares in Star Phoenix Geothermal JV B.V. (“SPG”), both completed in December 2022.
This series of transaction was concluded by Star Energy Group Holdings Pte. Ltd. (“SEGHPL”), a geothermal subsidiary of Barito Pacific in Star Energy Group. With the completion of these transactions, Barito Pacific’s effective ownership in Wayang Windu operational asset increased from 40% to 60%, and its effective ownership in Salak and Darajat increased from 34.5% to 50.7%.
Agus Salim Pangestu, President Director of PT Barito Pacific Tbk., stated, “The addition of this ownership is in line with our focus on the renewable energy, which is part of our strategy to support Indonesia in achieving its goal of net zero emission, and will further strengthen Barito Pacific’s position as one of the leading energy companies in Indonesia.”
Through its investments in SEGPL and SPG, Barito Pacific owns effective ownership in Star Energy Geothermal (Wayang Windu) Ltd. (“SEGWW”) and Star Energy Geothermal (Salak – Darajat) B.V. (“SEGSD”). SEGWW owns and operates Wayang Windu geothermal power plant with 227 MW total installed capacity, located in Bandung, West Java, Indonesia. SEGSD owns and operates Salak and Darajat geothermal power plant, with 377 MW and 271 MW total installed capacity respectively, located in Sukabumi and Garut, West Java, Indonesia.
As background information, Barito Pacific is investing in the renewable energy sector through its subsidiary, PT Barito Renewables Energy, which owns 100% of SEGHPL.
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About Barito Pacific
Barito Pacific (IDX: BRPT) is an integrated energy company based in Indonesia with multiple power and industrial assets. Through Star Energy, BRPT operates geothermal assets with a combined capacity of 875 MW. Along with Indonesia Power, a wholly-owned subsidiary of PLN, BRPT is developing Java 9 & 10, a 2 x 1,000MW ultra super-critical class power plant with enhanced efficiencies and environmental performances. BRPT also owns a controlling share and consolidates PT Chandra Asri Petrochemical Tbk (IDX: TPIA), Indonesia’s largest and only integrated petrochemical company. Visit us at: www.barito-pacific.com
For more information, please contact:
Corporate Secretary | Corporate Communications dan Investor Relations
PT Barito Pacific Tbk.
Phone: (62-21) 530 6711
Email: corpsec@barito.co.id or investor.relations@barito.co.id
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