Business and Investment
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PLN to have 500 kV Sumatra power grid operational by late 2026
State electricity company PT PLN aims to have the 500-kilovolt (kV) Muara Enim-New Aur Duri Extra High Voltage Transmission Line operational by late 2026.
Gas supply deficit: LNG, a solution for industrial needs
The decrease in piped gas supply from various oil and gas fields necessitates alternative solutions to meet domestic industrial demand, with utilization of Liquefied Natural Gas (LNG) being one of them.
PLN explores transition financing scheme in collaboration with Asian banks
State electricity company PT PLN is exploring opportunities for a new financing scheme, coined the term transition financing, to accelerate investments in gas power plants and fossil fuel efficiency.
Giant dams in Karawang-Bekasi under construction
The Ministry of Public Works and Housing is currently building the Cibeet and Cijurey Dams in West Java, costing a whopping Rp9.2 trillion ($622.4 million USD).
HK's subsidiary targets Rp680 billion in revenue with 5 new toll sections
A subsidiary of PT Hutama Karya (HK), PT Hakaaston (HKA), targets revenue growth of 30 percent to reach Rp680 billion (US$46 million) throughout 2024.
Challenges for SMEs in producing EV components
Micro, Small, and Medium Enterprises (MSMEs in the automotive industry are considerably ready to produce components for electric vehicles (EVs), yet confronted with some challenges that need to be addressed.
Hurdles in establishing Indonesia's first Thorium-based NPP
PT ThorCon Power Indonesia's ambition to construct Indonesia's first Thorium-based Nuclear Power Plant (NPP) faces significant hurdles due to legal uncertainties.
Apkasindo warns of stalled biodiesel development amidst decreasing production
The Indonesian Oil Palm Farmers Association (Apkasindo) has predicted that the development of biodiesel in Indonesia will halt at B50, a 50 percent blend of palm oil, due to declining palm oil production coupled with unsupportive regulations.
Xendit expands into Thailand, targeting booming digital economy
Xendit, a leading Indonesian fintech unicorn specializing in payment solutions, has announced its expansion into Thailand, marking its foray into the thriving digital economy of Southeast Asia's second-largest digital market.
Chinese medical equipment manufacturer set up plant in Indonesia
PT Virtue Diagnostics Indonesia says the establishment of an In Vitro Diagnostics (IVD) medical equipment manufacturing plant can significantly reduce Indonesia's import dependence in the future.
Ministry encourages investors to set up lubricant plants outside Java
The Ministry of Industry has recommended investors in the lubricant industry to build plants outside of Java Island amid significant vehicular mobility and high demand across various regions.
Shell Indonesia embarks on construction of 12 million liter Grease Plant
Shell Indonesia has commenced the construction of its first Grease Manufacturing Plant (GMP) in Indonesia, anticipated to be the third-largest grease manufacturing facility owned by Shell globally.