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Pemanfaatan Lahan, PTPP dan PGN Tandatangani MoU Bersama
19 February 2019

Optimizing Land Use, PTPP and PGN Signing the MoU

PT PP (Persero) Tbk ("The Company"), one of the leading construction and investment companies in Indonesia together with PT Perusahaan Gas Negara Tbk (PGN), has signed a Memorandum of Understanding (MoU) regarding land use at the PGN Head Office in Jakarta on Tuesday ( 02/19). The signing of the MoU was represented by M. Aprindy as Director of Planning and Development of the Company and Desima Equalita Siahaan as Director of PGN's Human Resources & General. The MoU is a reference between the Company and PGN to carry out a strategic partnership in the framework of planning and preparing for business development cooperation and optimizing the potential of land owned by PGN located in Jakarta while taking into account the applicable legal provisions and in accordance with the principles of corporate governance good corporate governance.

As a follow-up to the signing of the MoU today, PTPP and PGN will form a Working Team which will jointly analyze the feasibility of the project from a Legal, Economic and Technical perspective. With the signing of this MoU, it is hoped that business synergy will be created with a principle that is mutually beneficial for both parties.