IEV Holdings files lawsuit against PT IPP

By Ruli Setiawan

SGX-listed IEV Holdings Limited said that its 95 percent-owned subsidiary, PT IEV Gas had on August 4 filed a writ and statement of claim in the Bekasi Court, West Java, Indonesia, against PT Indonesia Pelita Pratama (PT IPP).

?The suit is in relation to losses and damages suffered by IEV Gas arising from PT IPP unilaterally erecting a barrier/portal closing the only accessible common road between the industrial area where IEV Gas? mother station is located and the main exit road,? IEV Holdings said in a statement Wednesday.

The company further said that PT IPP?s actions have prevented and continue to prevent IEV Gas from operating from its existing mother station and having to resort to alternative CNG supply sources to ensure the continuous and timely delivery of CNG to its customers.

IEV Gas? claim is for at least Rp 25.2 billion (approximately US$1.82 million) for loss and damage; material and associated costs; and other related losses.

Editing by Reiner Simanjuntak