Caterpillar Commits to Energy Access for Rural Indonesian Islands
WASHINGTON, October 26, 2015 /3BL Media/ – Caterpillar Inc. (NYSE:CAT) today reiterated its commitment to Indonesia at the US-Indonesia Investment Summit. With President of the Republic of Indonesia Joko Widodo, in attendance, Caterpillar signed both a memorandum of understanding (MOU) and made an intention to invest that demonstrate its long-term commitment to the Indonesian market.
The MOU between Caterpillar, Fluidic Inc., a leading manufacturer of energy storage systems and PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity company, will see the three companies provide reliable and renewable based electricity to 500 remote villages and islands, utilizing more than 35MWp of photovoltaic panels and in excess of 250MWh of energy storage.
The “500 Island Project” as it’s referred to, will provide electricity to more than 1.5 million people which we believe would be considered one of the most ambitious rural electrification projects in the world, and will help the Indonesian Government achieve its ambitious rural electrification targets faster than otherwise possible.
In addition to the 500 Island Project, Caterpillar also announced its intention to invest in remanufacturing capabilities in Indonesia. Caterpillar has been a leader in remanufacturing, which returns products at the end of their lives to same-as-new condition.
This not only helps reduce owning and operating costs by providing our customers same-as-new quality at a fraction of the cost of a new part, but also benefits the environment by finding new ways to reduce, reuse, recycle and reclaim materials.
“Caterpillar has operated in Indonesia for over 30 years and we are committed to our customers and partners for the long-term. We are supportive of President Widodo’s infrastructure investment plans. The commitments we are making today, in the face of difficult global economic conditions, are a vote of confidence in the potential of the Indonesian market,” said Jim Umpleby, group president with responsibility for Energy & Transportation.
Caterpillar Indonesia started in 1982, with Cat® equipment being sold in the market since 1971. Today, Caterpillar Indonesia has more than 500 employees across various business units and operations in country. Together, along with our dealers/distributors and suppliers, more than 6,800 people work in support of Caterpillar. We are committed to offering our customers in Indonesia the same range of quality products, services and solutions to help customers be successful.
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2014 sales and revenues of $55.184 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Resource Industries, Construction Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
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