PT Prasarana Energi Cirebon, unit of PT Indika Energy Tbk (INDY), has just signed an agreement to acquire shares of PT Bayu Inti Permata (BIP) in PT Cirebon Energi Prasarana, which builds 1×1000 MW coal-fired power plant in Cirebon, West Java. This is an expansion of Cirebon-1 coal-fired power plant (CFPP), a JV between Indika, Samtan, and Marubeni Corp.To subscribe please click here