PT. KALTIM PRIMA COAL
Bakrie Tower 15th floor
Complex Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta 12960, Indonesia
Tata Power has acquired a 30% equity stake in major Indonesian coal companies, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, as well as trading companies from PT Bumi Resources.
As a part of the purchase, Tata Power has also signed an offtake agreement with KPC, which entitles it to purchase coal every year. The companies have enjoyed a robust financial performance, especially with increases in coal prices and rising production volumes.