Adaro Energy

PT Adaro Indonesia (AI) is the Adaro Group’s largest mining company, which mainly runs coal mining operations in South Kalimantan and Central Kalimantan under a Coal Cooperation Agreement (CCA) with the Government of Indonesia until 2022 with the right to extend the contract period based on the terms and conditions in the PKP2B and the applicable laws and regulations. AI is owned by Electricity Generating Authority of Thailand International Company Limited (EGATi), a state-owned electricity company of Thailand, and AE’s subsidiary, with 11.5% and 88.5% ownership stakes, respectively. ATA has direct and indirect ownership of AI.