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Tata Power update on PT Kaltim Prima Coal

16 Mar 2022 , 01:33 AM

Tata Power Company announced that PT Kaltim Prima Coal KPC has secured the extension of the Coal Contract of Work CCoW in the form of the Special Mining Business Permit IUPK by virtue of a Decree of the Investment Minister Head of The Investment Coordinating Board Indonesia The Company owns 30Percentage stake in KPC through its subsidiary Bhira Investments This IUPK is granted for an initial period of 10 ten years until 31 December 2031 and can be extended in accordance with the provisions of the applicable regulations This extension confers certainty of the mining operations subject to applicable regulations

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