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Press Release
Chandra Asri Group and Danamon Sign Rp2 Trillion Term Loan to
Support Infrastructure Business Expansion
Jakarta, 28 February 2025 – Chandra Asri Group, through its infrastructure investment entity,
PT Chandra Daya Investasi (CDI), has signed a term loan facility agreement worth IDR
2 trillion with PT Bank Danamon Indonesia Tbk (Danamon) with a tenor of seven (7) years.
The agreement was signed by Jonathan Kandinata, Director of CDI, and Roberto Trio, Senior
Vice President, Enterprise Banking Business Head of Danamon. The funds will be used to
support CDI’s overall operations and business development, while also strengthening the
company's working capital for executing strategic projects.
The facility received by CDI is a committed term loan that can be allocated for green asset
projects such as renewable energy, sustainable water and wastewater management, energy
efficiency, and others.
Through CDI, Chandra Asri Group is strengthening its business resilience by diversifying into
the infrastructure sector. This infrastructure investment special purpose vehicle is a joint
venture with EGCO, the Electricity Generating Public Company Limited of Thailand. CDI is
primarily focused on power generation and energy distribution, water treatment, tank and jetty
management, and logistics. This strategic initiative aligns with the company's focus to
strengthen its position in the infrastructure sector that has touchpoints with Chandra Asri
Group’s energy and chemicals business, to fundamentally support Indonesia's growth.
Andre Khor, Chief Financial Officer of Chandra Asri Group stated, "We highly appreciate
Danamon's support in providing flexible and competitive long-term financing that supports
green initiatives, enabling us to continue our transformational growth plans. This facility will
strengthen our leading position in the infrastructure sector in Indonesia, and uplift our strategy
to expand our portfolio and support various sustainable infrastructure projects. This is fully
aligned with the Group's commitment as a Growth Partner to the country and all key
stakeholders, as we continue our efforts to strategically diversify and strengthen our business
franchise through organic investments and programmatic M&A."
Thomas Sudarma, Director of Enterprise Banking & Financial Institutions of Danamon,
stated, “Through this green asset project financing partnership, we are reaffirming our long-
term commitment with Chandra Asri Group to develop innovative and sustainable
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infrastructure projects. We believe that CDI will become a strong business pillar for Chandra
Asri Group, and this facility will enable CDI to offer holistic financial solutions that drive the
development of new renewable energy in the Cilegon area and its surrounding regions.”
Danamon, as a bank with both local and global networks, is committed to continuing its
transformation as One Financial Group that provides comprehensive financial solutions to
meet their customers' financial needs. This commitment is in line with the funding support
provided by Danamon to CDI, to support the smooth operation and overall business
development of CDI.
***
Abaout Chandra Asri Group
Chandra Asri Group is a prominent provider of energy, chemical, and infrastructure solutions in Southeast Asia,
supplying products and services to various manufacturing industries in both domestic and international markets.
With a history of 32 years and over 2,200 dedicated staff, it incorporates state-ofthe art technologies and supporting
facilities located strategically in the country’s petrochemical and industrial hubs, Cilegon, and Serang. Chandra
Asri Group operates the only Naphtha Cracker in Indonesia that produces Olefins (Ethylene, Propylene),
Polyolefins (Polyethylene, Polypropylene), PyGas and Mixed C4, and is the sole domestic producer of Styrene
Monomer, Ethylene, Butadiene, MTBE and Butene-1, with a new world-scale Chlor Alkali Ethylene Dichloride plant
development on the horizon. Chandra Asri Group’s chemicals business is supported by core infrastructure assets
encompassing strategic energy, electricity, water, jetty, and tank farm facilities. For more information, you may visit
to our website: www.chandraasri.com.
About Chandra Daya Investasi
PT Chandra Daya Investasi is the infrastructure investment arm of PT Chandra Asri Pacific Tbk, an Indonesian
blue-chip market leader in the chemical industry, and EGCO, a leading power company listed in Thailand. The
company invests in infrastructure businesses, including energy, water, storage, and logistics solutions, located in
Cilegon, Indonesia. Leveraging its expertise in these areas, PT Chandra Daya Investasi aims to enhance
infrastructure efficiency and sustainability, contributing significantly to the industrial and economic development of
the regions it serves. As of October 2024, the company operates a total of 320 MW of electricity generation, a
4,045 liters per second water processing plants, 5 jetties, 648,000 m³ of storage tanks, and 4 vessels.
About Danamon
PT Bank Danamon Indonesia Tbk (Stock Code: BDMN) was established in 1956. As of 31 December 2024,
Danamon manages consolidated assets of Rp242 trillion with its subsidiary, Adira Finance. In terms of share
ownership, 92.47% of Danamon shares are owned by MUFG and the other 7.53% are owned by the public. In
serving customers from all business lines, namely Retail, Small and Medium Enterprises, and Corporations,
Danamon is supported by 865* conventional branch offices and Syariah units, as well as branch offices and
representative offices of Danamon group companies in Indonesia.
As a subsidiary of MUFG which is one of the largest financial services groups in the world, Danamon is supported
by the global network of MUFG and its partner banks: Krungsri Bank in Thailand, Security Bank in the Philippines,
and VientinBank in Vietnam. Danamon is also strengthened by the local network of its group companies; Adira
Finance, Home Credit Indonesia, Mandala Finance, and Zurich Asuransi Indonesia and its strategic partners.
Together with MUFG, its group companies and strategic partners, Danamon is committed to continue transforming
as one financial group, in order to become a more trusted, customer-centric, and innovative financial partner, as
well as to meet the needs of shareholders, customers, employees, and regulators, by providing holistic financial
solution so that we can grow together.
Based on the vision of ‘We Care and Help Millions to Prosper’, Danamon and its group companies and strategic
partners recognise the importance of sustainability as an integral part of the growth and prosperity of society.
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Therefore, Danamon is also committed to supporting Indonesia in achieving net zero emissions by 2060 through various progressive efforts towards sustainable finance, decarbonization initiatives, and green economy development. These initiatives are reflected in the Sustainability Finance Action Plan (SFAP), which includes governance and process, awareness and capacity building, sustainable financing, responsible workplace management, and corporate social responsibility. Each of these pillars is designed to support sustainability principles and ensure that every aspect of our operations contributes positively to the environment. In running the business and to achieve goals aligned with the company's vision and mission, Danamon upholds company’s values “BISA” that must be embraced by all employees, management, directors, and commissioners of Danamon. These values consist of Collaboration (Berkolaborasi), Integrity (Integritas), Customer Centricity (Sigap Melayani), and Adaptability (Adaptif). *) Data as of 31 December 2024 For further information, please contact: Chandra Asri Group Suryandi Chrysanthi Tarigan Director HR & Corporate Affairs Head of Corporate Communications Telp: 021- 530 5790 Telp : 021-530 7950 Email : suryandi@capcx.com Email: corporate.comm@capcx.com Danamon Tarida Fransiska Corporate Communications Manager PT Bank Danamon Indonesia Tbk Email: tarida.fransiska@danamon.co.id
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