TKCM is a joint venture between PT Petrosea Tbk, PT Enviro Nusantara and PT Quarta Desira for the rehabilitation and increase of capacity of the Cikokol Water Treatment Plant, including the operation and maintenance of the plant for a period of 15 years.
Read more about our shareholders here...
Our Mission:
Providing a first class service to PDAM TIRTA KERTA RAHARJA KABUPATEN TANGERANG, for the upgrading, 65% increase of capacity, operation and maintenance of the Cikokol Water production facilities, including accountability for quality, quantity and continuity results and meeting the requirements and obligations to our stakeholders.
Our Values:
- Dedicated to costs effectiveness, financial integrity and transparency
- Promoting technological innovation and expertise
- Developing human resources by helping our employees to reach their full potential through extensive training programs and acknowledgement of their contribution.
- Anticipating health and environmental risks.
Description of the Cooperation Agreement:
Due to the urgent need to improve the water supply services to the community PDAM Tirta Kerta Raharja ("PDAM") Kabupaten Tangerang selected PT Tirta Kencana Cahaya Mandiri ("TKCM") (a joint venture between PT Petrosea Tbk, PT Enviro Nusantara and PT Quarta Desira) as the new operators of the Cikokol Water Treatment Plant.
After evaluation of various options, including
offers from several private companies, PDAM felt TKCM had the best resources to
invest and manage the Cikokol Plant.
This includes the operation and maintenance of the plant for a period of 15 years. The total investment made by TKCM during the first 3 years of operation will amount to Rupiah 72.5 Billion, for the rehabilitation of the existing plant and an increase of the production capacity from 950 l/sec to 1,575 l/sec.
With this new production rate, PDAM will be able to deliver a higher quality tap water and increase its service area in the Tangerang region. The contract was signed on 11th June 2004 between the President Director of PDAM, Mr H. Utar Sutarya, and Mr Hubert Broux, President Commissioner of PT Enviro Nusantara, representing TKCM. The signing was witnessed by Bupati Tangerang.
Shareholdering and Registration:
TKCM is a company formed by the following shareholders:
- PT Petrosea Tbk (47%)
- PT Enviro Nusantara (28%)
- PT Quarta Desira (25%)
The Company was approved by BKPM on 25 August 2004, under the foreign investment law (number No 565/I/PMA/2004) and established as a limited liability company on 08th September 2004.
PT Tirta Kencana Cahaya Mandiri was legally approved by the Ministry of Justice on 30th September, 2004 under the number C-24321 HT.01.01. TH.2004 and registered on 19th October, 2004 by the Ministry of Trade and Industry.
