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Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER


COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL Power International, according to the companys' announcement released today.

YTL Jawa Power owns a 35 percent in PT Jawa Power, which owns and operates the 1,220 MW Paiton 2 coal fired power station in Java, Indonesia. With the completion of this transaction, Marubeni has successfully made an investment in the Paiton 2 project with an indirect stake of 15 percent.

With very strong economic growth potential, Marubeni said, Indonesia is a promising and attractive market and as such a strategically important country for Marubeni in South East Asia. With its extensive knowledge and experience in the worldwide power industry, Marubeni intends to further contribute to the development and prosperty of the country by helping to ensure a stable and efficient supply of power.

To contact the reporter responsible on this story: Efendi at
efendi@coalspot.com



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