Jawa Satu Power, PT

PT Jawa Satu Power is a joint venture entity between PT Pertamina Power Indonesia ("PPI"​), Garuda Power Holdings B.V. and Sojitz Global Investment B.V. Established on December 05, 2016 as a special purpose company in running, controlling and managing the assets of Jawa-1 power plant business activities, which serves as the largest gas-fired power plant with CCGT technology in Southeast Asia. The company runs its business professionally by upholding an effective and efficient Corporate Governance principles in order to provide continuous added values to shareholders. PT Jawa Satu power deals with more than 20 companies involved, 3 main consortium members, 2 additional members in FSRU (PT Jawa Satu regas), 3 senior lenders (JBIC, NEXI, ADB) plus 5 commercial banks (Mizuho, MUFG, societe generale, OCBC bank, credit agricole), 3 main EPC contractors, and advisories on the financial, legal, and technical. Companies involved come from Indonesia, Japan, Korea, America, and Europe, which is connecting almost the whole continents of the globe. Jawa-1 is the first project in Asia with such complex scheme, however with a great spirit and open minded of all parties to obtain a beneficial solution enabling the company to achieve financial close, further to conduct the groundbreaking with dedication, unlimited hard work and effort, creativity in order to achieve company's objective so that this project could complete and meet commercial operation date ("COD"​) on time as committed.