Dawn Realty Limited signs agreement with Energy Partners Offshore
Dawn Realty Limited (the "Company") is pleased to announce a letter of intention has been reached with Energy Partners Offshore Limited, ("EPOL") for development of mineral projects in Indonesia.
LONDON , Nov. 24, 2022 LONDON (PRWEB) November 11, 2022 -- Dawn Realty Limited (the "Company") is pleased to announce an agreement has been reached with EPOL for the joint development of mineral resource projects in Indonesia where the Company will take a 40% interest in EPOL.
EPOL has identified existing proven claims that are non-performing, through its wholly owned subsidiary PT Nusantara Niaga Group ("PTNNG"), that hold mineral assets, critical and key for electrification and electrical battery industries, for acquisition and development.
Electricity generation capacity in Indonesia reached about 72.8 gigawatts in 2020, and acording to forecasts by the Indonesian Ministry of Energy and Mineral Resources, electricity consumption in Indonesia will increase from the current 270 terawatt hours to over 500 terawatt hours by 2027insuring a sustained local requirement for coal.
PTNNG holds a signed and notarized Royalty agreements with the original title holders mineral rights leaving PTNNG as IUP license holders to mine an area of approximately 3023 Ha of land in the province of Kalimantan Selatan, Indonesia with an estimated minimum of 12 million MT of coal of >Gar 6300. The license runs to 2028 and is eligible for a 10 year extension until 2038. EPOL has identified buyers, with 2 expressions of interest, for the entire production to be used in powering nickel production, in a strong local market.
EPOL has developed a twelve month production plan for PTNNG. After month seven, PTNNG has targeted production volume of approximately 7000 mt. , increasing monthly until reaching 30,000 mt./month by month 12.
About Dawn Realty Limited:
Dawn Realty Limited is a real estate holding company investing in and re-developing land through understanding and applying geopolitical and macroeconomic trends, in local real estate markets. The Company signed a €40M Share Subscription Facility with GEM Global Yield LLC SCS ("GEM"), as part of the Global Emerging Markets Group, in September 2020. Land use needs evolve over time and the Company seeks under-performing land assets and applies different perspectives for re-development and then re-positions those assets for maximum growth.
About Energy Partners offshore Limited:
EPOL is a Holding company, investing in and operating companies, focused uniquely on supplying the energy sector with resources to support, and facilitate, the transition from fossil fuels to renewable energy. Partly through mining and supplying minerals, with a particular focus on the market created by regulatory demands imposed internationally, for the electric vehicle market to reach its targets, and partly by supplying the energy sources to do so.
Media Contact
Stephan Jedynak, Dawn Realty Limited, 1 902-223-5418, [email protected]
SOURCE Dawn Realty Limited
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