Contract Information
| Document Owner | PT Sapta Borneo Utama |
|---|---|
| Approved By | President Director |
| Classification | Controlled Document – Confidential |
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Effective Date | 13 June 2026 |
| Review Date | 13 June 2027 |
| Contract Type | Lump Sum Turnkey (LSTK) |
| Employer | PT Sapta Borneo Utama |
| EPC Contractor | To Be Determined (TBD) |
| Project Location | Majalengka, West Java, Indonesia |
| Contract Value | USD 442,500,000 |
| Contract Period | 24–30 Months |
| Performance Security | USD 200,000,000 On-Demand Bank Guarantee |
| Document Status | Approved & Active |
| Supersedes | None |
| Publication Status | Institutional Data Room Release |
Project Scope
- Sugar Factory — 10,000 TCD.
- Ethanol Plant — 60 KLPD.
- Biomass Power Plant — 30 MW.
- Plantation infrastructure, utilities, storage, warehouses, administration buildings, roads and drainage systems.
- Engineering, procurement, construction, testing, commissioning and handover.
Payment Milestones
| Milestone | Percentage |
|---|---|
| Advance Payment | 10% |
| Engineering Completion | 10% |
| Procurement Progress | 25% |
| Equipment Delivery | 20% |
| Construction Progress | 20% |
| Mechanical Completion | 10% |
| Final Acceptance | 5% |
Bankability Summary
- LSTK EPC structure with defined completion responsibility.
- Performance security to support lender risk mitigation.
- Liquidated damages for delay and performance shortfall.
- Independent Engineer review capability.
- Integrated revenue streams from sugar, ethanol and biomass power.
SIGNATURE PAGE
Executed by the Parties for and on behalf of the Employer and EPC Contractor.
EMPLOYER
PT SAPTA BORNEO UTAMA
SAPTA RISWANDY
President Director
PT Sapta Borneo Utama
EPC CONTRACTOR
Authorized EPC Contractor
AUTHORIZED REPRESENTATIVE
To Be Determined
ACKNOWLEDGED / WITNESSED BY
PT SAPTA BORNEO UTAMA
DAVID LOKATILI
Commissioner
PT Sapta Borneo Utama
Document Information
| Controlled Copy | Electronic Controlled Copy |
|---|---|
| Custodian | Corporate Secretary & Data Room Administrator |
| Retention Period | Minimum 10 Years |
| Distribution | Authorized Parties Only |
| Document Owner | PT Sapta Borneo Utama |
| Project | USD 1 Billion Integrated Sugar Factory Project |
| Location | Majalengka, West Java, Indonesia |
| Classification | Confidential |
| Status | Final / Published |
| Prepared For | Lenders, ECAs, Institutional Investors and Strategic Partners |
| Date | June 2026 |
Revision History
| Version | Date | Document No. | Status | Description |
|---|---|---|---|---|
| 1.0 | June 2026 | SBU-PROJ-002 | Final / Published | EPC Contract Final v1.0 issued for institutional lender and investor due diligence. |
Document Approval Matrix
| Role | Name | Status |
|---|---|---|
| Document Owner | Project Finance Division | Approved |
| Compliance Review | Corporate Secretariat | Approved |
| Executive Approval | Board of Directors | Approved |