JAKARTA - President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail revealed the latest developments in the process of taking over the Queen Port Steam Power Plant (PLTU) with a capacity of 3x350 megawatts (MW) belonging to PLN by PTBA. "Until now, we are in the process of conducting due diligence (complete test) in detail and we have asked for consultant assistance to conduct this study," said Arsal in a press conference in Jakarta quoted on Saturday, March 11.As to know, PTBA and PLN conducted an assessment in the early end (early retirement) of PLTU Pelabuhan Ratu 3x350 MW. This commitment was stated through the signing of the Principal Framework Agreement in a series of Stated-Owned Enterprises (SOE) International Conference agendas in Bali on October 18, 2022. Artsyal was reluctant to provide details regarding the studies conducted by the consultant and PTBA on PLN's assets but he hoped that this process would be completed in the first quarter of 2023. "This is still a process, we will continue. Hopefully, if the study provides positive to both parties, we will continue, but we will first look at the study," he said. Arsal conveyed a commitment to support the Government's policy that drives early retirement of PLTU in order to clean energy. PTBA is very concerned with the issue of climate change and is ready to contribute so that the Net Zero Emission target in 2060 can be achieved." The cooperation is in collaboration with PLN in carrying out PLTU's early retirement in line with PTBA's vision of becoming an environmentally concerned world-class energy and chemical company. We hope that carbon emission reduction targets can be achieved and energy resilience is maintained," he stressed.
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