Barito Pacific was founded by Prajogo Pangestu

The Company listed its shares at the IDX (previously known as Jakarta and Surabaya Stock Exchange).

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In April, Star Energy bought 2 (two) Geothermal Power Plants (“PLTP”) from Chevron subsidiary, namely PLTP Salak and PLTP Darajat.

• Indo Raya Tenaga/IRT and PLN signed a conditional Power Purchase Agreement (PPA) for Java 9 and 10 in June.

• Indo Raya Tenaga/IRT, in collaboration with Indonesia Power, constructed the Java 9 and 10 Steam-Electric Power Stations, each having a capacity of 2x1,000 MW with ultra-supercritical technology. This power plant contributes to cost savings by reducing fuel use by up to 20% per kWh, while reducing carbon emissions proportionately.

In June 2018, the Company finalized the acquisition of Star Energy.

• The Company successfully raised a value equivalent to Rp8.9 trillion or US$619 million through the Limited Public Offering II.
• The Company entered into a PPA with PLN to collaborat

Barito Renewables