Gas Pipeline EPC implementation agreement for 250 MW Riau GFPP Project (hereinafter "the Agreement") is made in Jakarta on ......., ......... Dated ............ month .tahun two thousand sixteen (... - ... -2016) , by and between:
I. PT MEDCO POWER INDONESIA
company with limited liability under the laws of the Republic of Indonesia based in The Energy Building 50th Floor, SCBD Lot 11A, Jalan Sudirman Kav. 52-53, Jakarta 12190, in this case represented by ........................................, In his position as .berdasarkan Deed No. ........................ ........................ .................. dated ............., and is therefore authorized to act on behalf of PT MEDCO POWER INDONESIA (hereinafter referred to as "PROJECT OWNER"); and
II. PT CITRA PANJI MANUNGGAL
Limited Company incorporated under and governed by the Law of the Republic of Indonesia, located on Jl. Ciputat Raya No. 16, Kebayoran Lama Selatan, Kebayoran Lama, South Jakarta 12240, Indonesia, in this case represented by .............................. .., in his position as Managing Director based on Deed ..................................... dated ............ ......., thereby authorized to act on behalf of PT CITRA PANJI MANUNGGAL (hereinafter referred to as "EPC CONTRACTOR").
PROJECT OWNER and CONTRACTOR EPC individually called the "PARTY" and collectively referred to as " tHE PARTIES '.
tHE PARTIES explained beforehand matters as follows:
A. Whereas, EPC PROJECT CONTRACTOR OWNER has been invited to submit a price quote in respect of employment EPC GAS PIPELINE FOR RIAU 250 MW IPP GFPP PROJECT;
B. Whereas, EPC CONTRACTOR agrees to carry out the work of the EPC GAS PIPELINE FOR RIAU 250 MW IPP PROJECT GFPP and filed a
Letter of Offer Price (hereinafter referred to as the "Offers");
C. Whereas, THE PARTIES have agreed on the implementation of the Employment costs in accordance with the Minutes of Clarification & Negotiation Number: ........................................ (hereinafter referred to as "the Minutes of Clarification & Negotiation").
So based on the above matters, THE PARTIES have agreed and consented to make this agreement with the terms and provisions as follows:
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