Announcement of the renewal website of PT. BHIMASENA POWER INDONESIA

October 13, 2017

PT. BHIMASENA POWER INDONESIA (headquartered in Jakarta, the Republic of Indonesia; Takashi Irie, President Director; hereinafter “BPI”) to which contributions are made by the following three companies: ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”), Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President), and PT ADARO POWER of Indonesia (headquartered in Jakarta, the Republic of Indonesia; Mr. Mohammad Effendi, President Director), is the operating company of the Central Java Coal-fired IPP Project in the Republic of Indonesia (hereinafter “the Project”).

BPI is committed to understanding and respecting the opinions, needs, requirements, and human rights of relevant stakeholders when conducting business activities, including during the planning and implementation of the Project. BPI has been engaging with local communities consistently to share information about the Project, and continues to engage with relevant stakeholders. In addition to ongoing stakeholder engagement, BPI is committed to mitigating any environmental or social impacts that may have occurred, or could occur as a result of the Project’s operations.

BPI has recently updated its website with the support of its shareholders including ITOCHU, to clearly explain to relevant stakeholders about the Project’s activities, including the CSR Program.

When investing in new business projects, ITOCHU must assess CSR and environmental risks. At this time, ITOCHU assesses whether there is the possibility of significant adverse social or environmental impacts, legal, and the risk of litigation by concerned parties. ITOCHU uses its shareholder influence and expertise working across various portfolios to work with the investee wherever possible to implement improvements when any issues (e.g. CSR, environmental) occur after the investment.

Please visit the following website of BPI for further information
ITOCHU’s Business Investment Management approach <Business Investment Management webpage>