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Inter RAO – Export LLC and TransAsia Minerals Ltd agree on strategic partnership in Asian and African markets

19.05.2016

Inter RAO – Export LLC and TransAsia Minerals Ltd, an international mining company headquartered in Djakarta, Indonesia, have signed the Strategic Partnership Agreement. The document is focused on joint elaboration and implementation of electric power projects in the markets of South and South-East Asia, as well as Africa.

Within the framework of cooperation, TransAsia Minerals Ltd is going to participate as an investor in projects for construction of new and expansion of existing power plants. In turn, Inter RAO – Export LLC will serve as a technical expert in the project development and structuring phase, as a contractor in the implementation phase, and provide TransAsia Minerals Ltd with consultancy services for management and operation of power plants. The agreement determines several Indonesian power facilities as pilot projects with total capacity within 2100 MW.

“Entering into this agreement and developing partnership with TransAsia Minerals Ltd fully complies with Inter RAO – Export LLC strategic priorities, which include penetration into new promising energy markets, as well as diversification of our projects types and structure”, Maxim SERGEEV, Director General of Inter RAO – Export LLC, said.

"Cooperation with Inter RAO – Export LLC is aimed at implementation of our strategic objectives for development of thermal generation business. Inter RAO Group has great experience and strong expertise in power engineering and management of major energy projects”, Azam ASLANOV, President of TransAsia Minerals Ltd, stated.

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Inter RAO - Export LLC is a field-specific company within Inter RAO Group, established in 2011, with the aim to search for and manage foreign projects, develop international business of Inter RAO Group and expand its presence. The company’s portfolio includes ongoing projects for the total value of about USD 2 bln. Inter RAO - Export runs its business in a number of Latin American countries and works actively on penetration into new promising energy markets in other regions.

TransAsia Minerals Ltd is a private international mining company headquartered in Jakarta (Republic of Indonesia). It owns mineral mining facilities (coal, gold, copper, nickel) in African and Southeast Asian countries. In Indonesia and Republic of South Africa, TransAsia Minerals Ltd is engaged in development of coal deposits.

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