Adaro Energy

PT Adaro Energy Tbk.

Type	Public
Traded as	: ADRO
Founded	1982
Headquarters	Tabalong, South Kalimantan, Indonesia
Key people	Garibaldi Thohir (CEO)
Revenue
Number of employees	9,294 (2014)
Website	http://www.adaro.com/

PT Adaro Energy Tbk. is an Indonesian energy group that focuses on coal mining through subsidiaries. The principal location is at Tabalong district in South Kalimantan, where the subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere (roughly 110,000 tons of coal per day ). Adaro Energy operates under a first-generation CCA (coal co-operation agreement) with the Indonesian Government valid until 2022.

Adaro has been clearing land in Central Java for a 2,000MW coal plant, after a delay for more than four years due to land acquisition issues. The construction of Indonesia's largest coal plant, into which Adaro invested $4.2 billion, began in June 2016

Adaro's strategy focuses on power generation as of the company's "three pillars" besides coal exports and logistics.

In 1976 the Indonesian Mines Department divided East and South Kalimantan into eight coal blocks and invited tenders for these blocks. Spanish state-owned enterprise Enadimsa (empresa nacional adaro investigaciones mineras s.a.) bid for Block 8 in the Tanjung district of South Kalimantan. Adaro Indonesia’s Coal Cooperation Agreement (CCA) was signed on Nov. 2, 1982. In 1989 a consortium of Australian and Indonesian companies purchased 80% of Adaro Indonesia from Enadimsa.

In 2008, Adaro Energy raised $1.3 billion in the country's largest ever initial public offering.