BLACKGOLD CONSORTIUM AWARDED LETTER OF INTENT FROM PLN FOR PPA ON THE RIAU-1 PROJECT
Singapore, 24 January 2018 – BlackGold Natural Resources Limited (“BlackGold” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that the Consortium (comprising BlackGold, PT Pembangkitan Jawa-Bali, PT PLN Batubara and China Huadian Engineering Co., Ltd.), has received a Letter of Intent from PT Perusahaan Listrik Negara (“PLN”) for the award of a Power Purchase Agreement relating to the Riau-1 Project.