Tender Opened for the Cilegon Electricity Generator

The Government has called for tenders to build and develop a 450 MW Steam Driven Electricity Generator at Cilegon (PLTU Cilegon). This tender is directly related to the recently issued Minister of Energy and Mineral Resources Regulation No. 009/2005 of 25 April 2005 (the “Decision”). The tender is being offered to private concerns on the basis of build/own/operate or BOO contract. This is an acknowledgment by the Government that to alleviate some of the public expenditure burden on the Government that many of these critical public interest projects can be funded through either domestic or foreign capital investment where there is sufficient incentive for investors.