JAKARTA (TheInsiderStories) – Former Social Minister Idrus Marham has been detained for the next 20 days by Indonesia’ Corruption Eradication Commission in connection with bribery case for Riau-1 coal fired power plant project.
Blackgold received a Letter of Intent (LOI) from PLN to obtain Power Plant Purchase Agreement (PPA) of PLTU Riau-1 project in January 2018.
The consortium consists of BlackGold, PT Pembangkitan Jawa-Bali (PJB), PT PLN Batubara (PLN BB) and China Huadian Engineering Co., Ltd. (CHEC). The company will develop, construct, operate and maintain a 2×300 MW coal mine of Riau-1 power plant.
Under the LOI, the consortium will incorporate a definitive PPA with PLN upon the fulfillment of certain terms and conditions as laid down in the LOI. Upon receipt of the LOI, the consortium will form a joint venture for the Riau-1 Project to finalize a long-term fixed-term fixed-use agreement with BlackGold subsidiary PT Samantaka Batubara to supply coal to the Riau-1 Project.
The PJB is a powerhouse company aimed at promoting Indonesia’s economic development by providing high-quality, reliable and sustainable energy supply. PJB is a wholly owned subsidiary of PLN.
PLN BB provides support to its parent company, PLN to get coal for power plants.