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Nebras Power Comments on Market Rumors

Doha, Qatar

Doha, Qatar (27th March 2019) - Nebras Power has noted the recent speculation in the press and financial markets regarding its stake in Paiton Energy, in Indonesia.

Mr. Khalid Mohammed Jolo, Chief Executive Officer of Nebras, stated: “We are committed to a long-lasting economic cooperation between Qatar and Indonesia and we hope to further strengthen the presence of Nebras Power in the Indonesian market. We express our continuing commitment to Indonesia, as part of our global investment strategy and currently we are not considering the sale of our stake in Paiton Energy”.

Paiton Energy is one of the largest independent power producers (“IPP”) in Indonesia; with 2,045 MW of coal fired power generating capacity (representing c.4% of installed capacity in Indonesia), and c.13,500 GWh of annual power output. Through this project, Nebras Power aims to strengthen its position in the global energy markets and support its ambition to grow and expand globally.