Antam to Lower Its Nickel Power Cost By Up to 8-10% Through The Use Of 15MW Low Impact Hydro Power

Antam's Development Director, Darma Ambiar said,

"The signing of this Hydro Power Purchase Agreement, while covering a relatively small portion of our overall energy needs, is an important step in our efforts to not only decrease our dependence on the more expensive diesel fuel as our main source of energy, but to also lower our carbon footprint. This is also a part of our ongoing efforts to lower our ferronickel production cost by continuing to explore other cheaper alternatives of energy sources."

Under this agreement, Tamboli will build and operate the hydro power plant as well as an interconnection facility that will connect the hydro power plant with the electrical system of Antam's ferronickel smelters at Pomalaa. Tamboli's responsibilities will include among other things, the planning, designing, financing, constructing, commissioning, operating and maintaining of the facilities. Tamboli has appointed PT Bukaka Teknik Utama, an experienced developer of hydro power plants, as its EPC contractor.