13-06-2023
Chandra Asri Expands its Footprint by Investing in Krakatau Posco Energy up to US$200 Mio
PT Chandra Asri Petrochemical Tbk (Chandra Asri Group) announced a significant investment in the energy infrastructure sector through its majority-owned subsidiary, PT. Krakatau Electrical Power (KDL). The investment is divided into 2 tranches with a value of up to US$200 million. With this investment, KDL's share ownership in PT Krakatau Posco Energy (KPE) becomes 45%. KDL will also co-invest in accordance with its equity stake to support KPE’s planned expansion to construct a new 200-megawatt
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