PT Crompton Prima Switchgear Indonesia
The First High Voltage and Extra High Voltage Air-Insulated Switchgear Factory in Indonesia

Time Line


PT Crompton Prima Swicthgear Indonesia

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Groundbreaking Ceremony

Groundbreaking Ceremony, Cikande, 2 November 2015



From left to right:
Hemant Lakhotiya (CG), Zainal Abidin Sihite (PLNE), Supangkat Iwan Santoso (PLN), Nasri Sebayang (PLN), Jean Michel Aubertin (CG), Srinivasan M.S. (CPSI)
Nov 2015
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MOU

MOU between PLN and CG dated June 8, 2012

June 2012
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Sponsorship Agreement

Sponsorship Agreement between PLN and CG dated February 8, 2013

February 2013
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Shareholder Agreement

Shareholder Agreement between PT PLN Enjiniring (a subsidiary of PLN) and CG International Holdings Singapore Pte. Ltd. (a subsidiary of CG), dated May 2, 2013

May 2013
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Joint Venture Agreement

Joint Venture Agreement between PLNE and CGS dated May 2, 2013

May 2013
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Company Establishment

Company Establishment by Notarial Deed dated May 7, 2014 (Ratified by Kemenhukham dated May 12, 2014)

May 2014
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Purchase Agreement

Purchase Agreement between CPSI and PT PLN (Persero) dated June 24, 2014

• Guaranteed PLN purchase of up to 49% of PLN’s RKAP for the first 5 years of CPSI operations.

• On top of 49% guaranteed purchase, CPSI is eligible to participate in open tender of PLN.

June 2014
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Technical Know-How Agreement

Technical Know-How Agreement between CPSI and CG dated September 29, 2014

• Technology transfer from CG to CPSI in a 5-years roadmap

• CPSI shall pay technology fee and royalty to CG

• Management of patents and other intellectual properties

Sept 2014