PT PGN LNG Indonesia joins the North Papua gasification project to supply LNG to seven power plants (168 MW) for 20 years, supporting Net Zero 2060. Through the Papua Bersama Consortium, the project boosts energy reliability, sustainability, and regional development.
Minister of Investment Rosan Perkasa Roeslani met major Chinese EV ecosystem players, including BYD, CNGR, and CATL, during a visit to China on December 16-17, 2024, to boost investment in Indonesia. BYD plans to build Southeast Asia’s largest automotive factory in Subang, increasing production to 150,000 units annually by 2026 and creating over 18,000 jobs. CNGR is developing a green industrial zone in Southeast Sulawesi to centralize advanced materials production. CATL’s partnership with Indonesian firms aims to establish a full EV battery industry chain. The government pledged infrastructure, licensing, and incentive support to accelerate these projects.
ASRI partners with Vietnam’s Xanh SM to launch electric taxis at key malls, supporting sustainable mobility. The initiative aligns with ASRI’s 2025 eco-friendly vision, promoting public awareness and integrating sustainability into its property developments.
SCG supports Indonesia’s green economy with projects like a net-zero smart forest city in IKN by 2045 and the Kadin Net Zero Hub, aiding SMEs in decarbonization via training and Science-Based Targets. Highlighted at the SCG ESG Symposium, the initiatives stress collaboration among public, private, and civil sectors for sustainable development and economic growth.
The Indonesian Defense University, in collaboration with Wilo, held a guest lecture on pump systems on December 18, 2024. Wilo discussed modern pump technology’s principles, energy efficiency, and IoT integration. The event aimed to foster academic-industry collaboration, with Wilo donating a pump for research, enhancing defense and infrastructure innovation.
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.
