Investor Presentaiton

2018 Clean Energy Development Highlights • The inauguration of first wind farm in Indonesia, PLTB Sidrap I, in July 2018. The wind farm will generate 75 MW of electricity and deliver power to 70,000 households in South Sulawesi. Other projects that have reached COD are Karaha Unit I (30 MW) in West Java and Sarulla Unit III (110 MW) in North Sumatera. These three projects were not part of 70 PPAs signed in 2017. The inauguration of first biomass power plant in West Kalimantan, PLTBm Siantan, in September 2018. The power plant has a capacity of 15 MW. Low realization of renewable energy investment. By September 2018, renewables investments only reached USD 1.16 billion, reaching 57.7% of 2018 target at USD 2.01 billion. By November 2018, 32 of 70 projects signed in 2017 have not reached financial close, 6 projects just obtained financial close, 28 projects are under construction, and 4 renewables projects are fully operational. By November 2018, there have only been 4 new PPAs signed in 2018. IESR (Institute for Essential Services Reform) | www.iesr.or.id 4

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