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20250415_TPIA_Laporan Informasi dan Fakta Material_31875744_lamp1.pdf
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Chandra Asri Group and EGCO Group Inject Additional
Capital to Chandra Asri Group’s Infrastructure Business
Jakarta, April 15, 2025 - PT Chandra Asri Pacific Tbk (Chandra Asri Group),
Southeast Asia’s leading provider of energy, chemical, and infrastructure solutions,
together with Electricity Generating Public Company Limited (EGCO Group),
Thailand’s leading power and energy-related holding company, has jointly injected
additional capital into PT Chandra Daya Investasi (CDI), a special purpose vehicle
dedicated to the Chandra Asri Group’s infrastructure business. The total capital
injection amounts to USD 185 million, with Chandra Asri Group contributing USD 90
million and EGCO Group contributing USD 95 million.
Chandra Asri Group will retain a majority stake in CDI, maintaining leadership over the
strategic direction of its infrastructure business. The additional investment from EGCO
Group will further strengthen the partnership and support the growth of CDI’s
infrastructure assets, which include energy, water, port & storage, and logistics.
The resources generated will be directed towards the continued development of CDI’s
infrastructure business, enabling expansion into key sectors that are crucial to
Indonesia and Southeast Asia’s economic growth. This increased investment
highlights EGCO Group’s confidence in the strong track record, long-term potential of
CDI and underscores its commitment to sustainable infrastructure solutions in the
region.
President Director & CEO of Chandra Asri Group, Erwin Ciputra, said, "We are
excited about EGCO’s increased investment in CDI, as it strengthens our partnership
and aligns with our vision to be a preferred infrastructure solution provider in Southeast
Asia. This enhanced collaboration will enable us to scale our operations, optimize our
assets, and contribute to the Indonesia’s and region’s infrastructure development, all
while generating long-term value for our stakeholders."
President of EGCO, Jiraporn Sirikum, said, "We are pleased to strengthen our
collaboration with Chandra Asri Group, a trusted and visionary partner, to drive value
creation across CDI’s infrastructure assets. This additional investment reflects our
strong confidence in CDI’s long-term growth potential and our continued commitment
to expand high-quality, environmental-responsibility infrastructure platforms across
Southeast Asia. The move is also in accordance with EGCO Group’s “Triple P”
business strategy, which focuses on power and energy-related business expansion to
ensure sustainable revenue and profit generation in the long run.”
CDI remains focused on driving sustainable growth and delivering long-term value
through its diverse portfolio and expanding portfolio of infrastructure assets. The
company is committed to further enhancing its portfolio by leveraging operational
excellence, fostering synergies across entities, and the integrating sustainability best
practices into every aspect of its operation to ensure resilience and lasting impact in
the region.
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About Chandra Asri Group Chandra Asri Group is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, supplying products and services to various manufacturing industries in both domestic and international markets. Since the Group’s establishment in 1992, Chandra Asri has grown from strength to build our reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore. The Group’s asset base includes a refinery with a capacity of 237,000 barrels per day alongside a 1.1 million metric ton ethylene cracker on Bukom Island, downstream chemical assets on Jurong Island, and a 1 million metric ton naphtha cracker in Cilegon. The company's business is supported by core infrastructure assets, including energy, electricity, water, jetty, and tank farm facilities. For more information, visit www.chandra-asri.com and www.aster-com.sg. About EGCO Group EGCO Group, Thailand’s leading power and energy-related holding company, has a total equity capacity of 6,608 MWe in operation and under construction. Total equity capacity from renewable energy is 1,350 MWe (equivalent to 20% of the total portfolio). The RE portfolio includes biomass, hydropower, solar power, onshore and offshore wind power, fuel cells, and battery storage. EGCO Group’s facilities and other projects are located in 7 countries, namely Thailand, Lao PDR, the Philippines, Indonesia, South Korea, Taiwan and USA. In addition to power business, other energy- related businesses of the company include EGCO Engineering and Service Co., Ltd. (ESCO) providing power plant operations, maintenance, engineering, construction, energy conservation and training services to power and industrial plants in many industries; the infrastructure and utilities company “CDI” in Indonesia, Thai Pipeline Network Co., Ltd. (TPN), EGCO Rayong Industrial Estate (ERIE), “Innopower” which is a high tech start up incubator that EGCO Group owns together with its partners EGAT and RATCH Group; and “Peer Power” which is a new financial technology company. EGCO Group has been listed in the Dow Jones Sustainability Index (DJSI) for the 5th year in a row (2020- 2024). Learn more about EGCO Group through our website at www.egco.com or on social media at www.facebook.com/EGCOGroup. For further information, please contact Chandra Asri Group Chrysanthi Tarigan Head of Corporate Communications Telp: 021-530 7950 Email: corporate.comm@capcx.com
Names mentioned 5 people and organisations named in the text · linked when the evidence is strong
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Electricity Generating Public Company Limited
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Thai Pipeline Network Co., Ltd.
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