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20240526_BREN_Laporan Informasi dan Fakta Material_31642516_lamp2.pdf
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Press Release
Barito Renewables Joins FTSE Global Equity Index Amid Expansion and
Business Growth Strategy
Jakarta, May 26, 2024 – PT Barito Renewables Energy Tbk (BREN) has been included in the FTSE
Global Equity Index, large cap category, for the June 2024 period. The announcement from FTSE
Russell states that this will take effect on Monday, June 24, 2024.
“We welcome BREN's inclusion in the FTSE Global Equity Index. This inclusion is a testament
to market confidence in our long-term business strategy, where we are committed to
supporting the energy transition towards net zero. BREN's entry into this index also reflects the
market's appreciation of our expansive efforts, including the acquisition of wind power plants
which diversify our geothermal portfolio,” said Merly, Corporate Secretary and Director of Barito
Renewables.
Background information from the FTSE Russell website1 describes the FTSE Global Equity Index
as a prestigious benchmark used by investors for making investment decisions. This index
includes a total of 19,000 public companies with large, medium, small, and micro market caps
across 49 countries, including emerging markets. FTSE Russell provides insights to investors to
manage their portfolio concentration and diversification.
BREN's addition to the FTSE Global Equity Index underscores the company's commitment and
aligns with its business development and strategy. Earlier this year, through our subsidiary
Barito Wind, the company expanded its renewable energy portfolio by acquiring the Sidrap 1
wind power plant with a capacity of 75 MW. Barito Wind also acquired late-stage development
assets, Sidrap 2, with a potential capacity of 69 MW, with tenders expected in the second half
of 2024.
Additionally, our geothermal subsidiary, Star Energy Geothermal, continues to implement
strategic operational measures to increase capacity at the Salak, Darajat, and Wayang Windu
units through retrofit programs and the addition of new units, potentially increasing capacity by
116 MW. These are expected to commence operations from 2025 to 2027, bringing the
geothermal capacity from the current 886 MW to 1,002 MW
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1 FTSE Global Equity Index series web information https://www.lseg.com/en/ftse-russell/indices/global-equity-index-
series, accessed on 26 May 2024, at 10.29 WIB
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About Barito Renewables: Barito Renewables (IDX: BREN) is a leading renewable energy company in Indonesia and the renewable energy unit of Barito Pacific Group, committed to providing clean and sustainable energy solutions. With a strong focus on environmental responsibility and community engagement in its operational areas, BREN plays a crucial role in Indonesia's transition to a greener and more sustainable energy landscape. BREN's subsidiary, Star Energy Geothermal, currently operates geothermal power plants with a total capacity of 886 MW. Through Barito Wind, the company also owns the Sidrap wind power plant in South Sulawesi with a capacity of 75 MW. Visit the company’s website at: https://baritorenewables.co.id. For more information, please contact: corpsec@baritorenewables.co.id
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