PPA KUALA TANJUNG TO BE SIGNED IN MARCH
[22 February 2007]

PT. Perusahaan Listrik Negara (PLN) in March will sign the Power Purchase Agreement for Coal Fired Power Plant in Kuala Tanjung, North Sumatra, for the capacity of 2x125MW worth US$ 200 million (quoted from Bisnis Indonesia, Thursday edition, 22nd February 2007).

The signing will be between PLN and PT. Ranyza Energi as owner of the IPP (Independent Power Producer) whereas the Company will get involved and EPC will be completed by Shanghai Electric.---