Jakarta, September 30, 2024 – To support equal distribution and fulfillment of national electricity needs, Mandiri Bank has established a strategic partnership with PT Huadian Bukit Asam Power (HBAP). This collaboration is realized through long-term cooperation that focuses on developing the electricity sector in Indonesia, especially in supporting the operations of the Sumsel-8 power plant in Tanjung Lalang Village, Muara Enim Regency, South Sumatra Province.This agreement between Mandiri Bank and HBAP is stated in the Credit Facility Agreement, which was officially signed at the Plaza Mandiri Auditorium, Jakarta, on Monday (30/9). This signing ceremony was attended by Erick Thohir, Minister of State-Owned Enterprises, Darmawan Junaidi, President Director of Bank Mandiri, along with Bank Mandiri management, Arsal Ismail, President Director of PT Bukit Asam Tbk, along with representatives of PTBA management, and Zhou Qingke, Vice President of China Huadian Overseas Investment.
The Minister of State-Owned Enterprises (BUMN), Erick Thohir appreciates the good collaboration between Mandiri Bank, HBAP and PT Bukit Asam Tbk. This is a form of constructive collaboration between State-Owned Enterprises (BUMN), private and even foreign companies. Erick hopes this collaboration able to support the Government programs.
"I really appreciate this constructive collaboration within Mandiri Bank, Bukit Asam and HBAP, moreover because it also aligned with Good Corporate Governance system. This type of funding will open a positive competition and improve the supply chain in all industrial sector in Indonesia,” said Erick.
This collaboration is expected to bring a great contribution to support the needs and improve the welfare of the community, especially in South Sumatra Province and its surroundings. In this strategic partnership, Mandiri Bank provided investment credit financing of US$ 1.27 billion or Rp. 19.24 trillion (exchange rate of Rp. 15,131.27 per USD) to refinancing and strengthening HBAP's operations as a global standardized electricity provider.
Currently, the Sumsel-8 power plant is operating commercially with a production capacity of 2x660MW and is part of the National Program for Power Plants Development of 35,000 MW. This Electric Steam Power Plant (PLTU) is also one of the power plants that utilizes super critical technology which is efficient and environmentally friendly by implementing Flue Gas Desulfurization (FGD) technology to reduce exhaust gas emissions.
President Director of Mandiri Bank, Darmawan Junaidi said, as a bank that focuses on wholesale business, it is committed to being a trusted financial partner for all industry players. This collaboration is expected to support national electricity needs which is in line with the work and development plans carried out by PLN.
"We strive to provide the best banking solutions to support HBAP's growth in achieving its vision of becoming a world-class electricity provider company that is oriented towards sustainable values," explained Darmawan.
Apart from financial support, Mandiri Bank is also committed to providing adaptive and digital-based solutions, including through Kopra by Mandiri which is an integrated platform that supports corporate customers' business ecosystem. Through this digital platform, Mandiri Bank provides various features such as more efficient cash flow management, access to financing, and other digital banking services, thereby speeding up the business transaction process.
Not only that, Mandiri Bank also provides innovative digital services for HBAP employees through the Livin' by Mandiri application with various easy daily transactions with innovative features such as digital payments, savings management, and investment.
"Through the synergy between Mandiri Bank and HBAP, we hope to contribute to the development of a more advanced and integrated electricity industry in Indonesia. This is not only a business collaboration, but also a form of our commitment to encouraging national economic growth and creating significant added value to society," he said.
Through this support, Sumsel-8 power plant can operate better and have a broad positive impact on the people of the South Sumatra region, as well as supporting the fulfillment of energy needs at the national level. This collaboration is a crucial step for Mandiri Bank in strengthening its role as a strategic partner in developing a more equitable and sustainable national energy infrastructure.
Meanwhile, the President Director of PT Bukit Asam Tbk, Arsal Ismail, hopes that this constructive collaboration will provide support for the sustainability of electricity supply from the Tanjung Lalang PLTU in Sumatra region's electricity system, as well as increasing the multiplier effect for economic growth and national development. "Thus, this cooperation can make a significant contribution to national economic growth," said Arsal.
On the same occasion, Vice President of China Huadian Overseas Investment, Zhou Qingke, revealed that the credit facilities provided by Mandiri Bank will be used to refinance long-term HBAP loans and support the smooth operation of the Tanjung Lalang power plant. "With this financial support, HBAP is expected to continue its contribution significantly by supporting the electricity system in Indonesia, as well as achieving its long-term vision as an international standard electricity provider," he explained.
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About Bank Mandiri
Bank Mandiri is one of the leading banks in Indonesia that offers financial services to its customers, including Corporate, Institutional Relations, Commercial, Micro & SME, Consumer Banking, Treasury, and International Banking segments. Currently, Bank Mandiri is collaborating with several subsidiary companies to support its main business, which includes Mandiri Sekuritas (capital market services and products), Bank Syariah Indonesia (Islamic banking), Bank Mandiri Taspen/Mantap (micro, small, and medium enterprise (MSME) lending), AXA-Mandiri Financial Services (life insurance), Mandiri InHealth (health insurance), Mandiri Tunas Finance (financing services), Mandiri Utama Finance (financing services), Mandiri International Remittance (remittance services), Mandiri Europe (treasury and financial institution services), and Mandiri Capital Indonesia (venture capital financing).
In its business expansion, Bank Mandiri continues to develop digital banking services and products that cater to the diverse needs of corporate and retail clients. "Kopra by Mandiri" is a digital solution for the national industry, bringing together corporations and small to medium-sized enterprises into a user-friendly and effective single-access digital ecosystem. This includes services such as Cash Management, Forex, Trade & Guarantee, Supply Chain Management, Virtual Account, and integrated financial solutions based on Application Programming Interface (API). On the retail side, digital services include the Livin’ by Mandiri super app, Mandiri e-money prepaid card, and the Mandiri Intelligent Assistant (MITA), an AI-based information service available on Bank Mandiri's official WhatsApp account at +62 811-84-14000.
As of June 2024, Bank Mandiri's network spans across Indonesia, consisting of 139 Branch Offices (Kantor Cabang) and 2,088 Sub-Branch Offices (Kantor Cabang Pembantu). Bank Mandiri's distribution services are further supported by 12,837 ATMs, CRMs, and CSMs connected to the ATM Link, ATM Bersama, ATM Prima, and Visa/Plus networks, along with 259,192 Electronic Data Capture (EDC) units. The e-banking network includes Livin' by Mandiri, SMS Banking, and the Call Center 14000.
Detailed information about Bank Mandiri can be accessed through www.bankmandiri.co.id
About HBAP
PT Huadian Bukit Asam Power (HBAP) develops, builds and operates the Sumsel-8 power plant with an installed capacity of 2 X 660 MW located in Muara Enim Regency, South Sumatra Province. HBAP supplies electricity to PLN via a 500 kV transmission network system to meet electricity needs in the Sumatra electricity system.
Sumsel-8 power plant or also known as Tanjung Lalang power plant uses super critical technology which is efficient and environmentally friendly. Apart from that, Tanjung Lalang power plant also applies Flue Gas Desulfurization (FGD) technology to reduce exhaust gas emissions. This FGD technology can reduce sulfur dioxide from exhaust gas emissions from coal-fired power plants.
Founded in 2012, HBAP has a vision of becoming a World Class Electricity Supply Company that is Trusted and Oriented towards Sustainability Values. Detailed information about HBAP can be accessed via www.hbap.co.id
