Caterpillar Commits to Energy Access for Rural Indonesian Islands

Caterpillar Commits to Energy Access for Rural Indonesian Islands

tweet me:
500 Island Project w/ @CaterpillarInc will provide #electricity to over 1.5M rural Indonesians.
Monday, October 26, 2015 - 7:10pm

CAMPAIGN: Access to Energy

CONTENT: Press Release

WASHINGTON, October 26, 2015 /3BL Media/ – Caterpillar Inc. (NYSE:CAT) today reiterated its commitment to Indonesia at the US-Indonesia Investment Summit. With President of the Republic of Indonesia Joko Widodo, in attendance, Caterpillar signed both a memorandum of understanding (MOU) and made an intention to invest that demonstrate its long-term commitment to the Indonesian market.

The MOU between Caterpillar, Fluidic Inc., a leading manufacturer of energy storage systems and PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity company, will see the three companies provide reliable and renewable based electricity to 500 remote villages and islands, utilizing more than 35MWp of photovoltaic panels and in excess of 250MWh of energy storage.

The “500 Island Project” as it’s referred to, will provide electricity to more than 1.5 million people which we believe would be considered one of the most ambitious rural electrification projects in the world, and will help the Indonesian Government achieve its ambitious rural electrification targets faster than otherwise possible.

In addition to the 500 Island Project, Caterpillar also announced its intention to invest in remanufacturing capabilities in Indonesia. Caterpillar has been a leader in remanufacturing, which returns products at the end of their lives to same-as-new condition.

This not only helps reduce owning and operating costs by providing our customers same-as-new quality at a fraction of the cost of a new part, but also benefits the environment by finding new ways to reduce, reuse, recycle and reclaim materials.

“Caterpillar has operated in Indonesia for over 30 years and we are committed to our customers and partners for the long-term. We are supportive of President Widodo’s infrastructure investment plans. The commitments we are making today, in the face of difficult global economic conditions, are a vote of confidence in the potential of the Indonesian market,” said Jim Umpleby, group president with responsibility for Energy & Transportation.

Caterpillar Indonesia started in 1982, with Cat® equipment being sold in the market since 1971. Today, Caterpillar Indonesia has more than 500 employees across various business units and operations in country. Together, along with our dealers/distributors and suppliers, more than 6,800 people work in support of Caterpillar. We are committed to offering our customers in Indonesia the same range of quality products, services and solutions to help customers be successful.


About Caterpillar
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2014 sales and revenues of $55.184 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Resource Industries, Construction Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit To connect with us on social media, visit

Forward-looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity price changes, component price increases, fluctuations in demand for our products or significant shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (vii) our Financial Products segment’s risks associated with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (x) new regulations or changes in financial services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers’ needs; (xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM customers; (xviii) compliance with environmental laws and regulations; (xix) alleged or actual violations of trade or anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or Cat Financial’s compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or government investigations; (xxvi) changes in accounting standards; (xxvii) failure or breach of IT security; (xxviii) adverse effects of unexpected events including natural disasters; and (xxix) other factors described in more detail under “Item 1A. Risk Factors” in our Form 10-K filed with the SEC on February 17, 2015, for the year ended December 31, 2014.


Matt Lavoie
+1 (202) 898-3223
Global Government and Corporate Affairs (Washington, D.C.)
William Oei
Global Government and Corporate Affairs (Asia-Pacific)