Business and Investment
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PLN to add power to nickel industry in East Kalimantan
State electricity company PT PLN has signed an agreement to increase power supply for East Kalimantan-based nickel mining company PT Kalimantan Ferro Industry (KFI) from 100 Mega Volt Ampere (MVA) to 300 MVA.
Securing PLN’s REC, Freeport's products set to be highly competitive
The Indonesian State power utility PLN has set up a cooperation agreement to meet the green energy needs of the PT Freeport Indonesia (PTFI) smelter through the purchase of 1,009,000 units of Renewable Energy Certificate (REC) or the equivalent of 1,009 GWh until 2025.
Kominfo unveils plans for Satria-2 satellite through foreign investment
The Ministry of Communication and Informatics is set to build the Satria-2 satellite with a capacity of 300 Gbps, entirely funded by foreign investment.
SKK Migas prioritizes uncommitted LNG volumes from Bontang & Tangguh for PGN
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is prioritizing uncontracted liquefied natural gas (LNG) volumes from the Tangguh and Bontang LNG plants for Stategas company PT Perusahaan Gas Negara (PGN).
Chinese investors eye tire production, rubber processing
The Indonesian Rubber Association (Gapkindo) has revealed that the potential investment from China in the rubber processing sector is significan amid the decline in crumb rubber production.
Huayou reveals progress on $4.5 billion nickel project with Vale & Ford
Zhejiang Huayou Cobalt Co., along with PT Vale Indonesia (INCO), is working to secure environmental impact assessment (AMDAL) permits for the high-pressure acid leach (HPAL) smelter investment plan in Pomalaa Block, Southeast Sulawesi.
Chandra Asri appoints OCBC as advisory bank for US$600 million loan
Chandra Asri Group has appointed Singapore-based bank OCBC as advisory bank as well as mandated Lead Arranger and Bookrunner for its USD600 million multi-currency term loan facility.
Chinese company to build EV battery factory in Morowali in 2025
The Indonesian government's dream of managing natural resources from the earth's content to the final product, known as downstreaming, has started to become a reality in Morowali Regency, Central Sulawesi.
Pertamina geothermal energy accelerates geothermal field development in Kenya
PT Pertamina Geothermal Energy (PGE) has sealed an agreement with Kenyan geothermal developer Geothermal Development Company Ltd. (GDC) and Africa Geothermal International Ltd (AGIL) to expedite the development of geothermal fields in Kenya.
Mass production of electric vehicle batteries set to commence in Indonesia
Indonesia is poised to commence mass production of electric vehicle (EV) batteries starting from April 2024, a Special Staff to the Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) has said.
Government plans roadmap for coconut-based biojet fuel
The Indonesian government is currently developing a roadmap for the utilization of coconut oil as a feedstock for the production of biojet fuel.
Freeport to get export permit once smelter construction completed in May 2024
Minister of Energy and Mineral Resources, Arifin Tasrif, said that PT Freeport Indonesia (PTFI) can secure their permit for coppper concentrate export only after could finalize their smelter construction in May 2024.