Investment and Risk
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PT Merlion Sejahtera Group to invest Rp129 trillion in Cirebon regency
PT Merlion Sejahtera Group, a subsidiary of Hong Kong-based Merlion Resources Holdings Ltd., is set to invest a massive Rp129 trillion (US$8.3 billion) in Cirebon Regency, an investment expected to significantly boost local economy and create thousands of job opportunities for the community.
Terra Charge to build 1,000 EV charging stations in Indonesia by 2025
Japanese electric vehicle (EV) charging station provider, Terra Charge, plans to establish 1,000 public EV charging stations across Indonesia by 2025, supporting the country's ambitious push towards sustainable transportation.
B50 biodiesel production test in S. Kalimantan, a milestone in energy independence
Minister of Agriculture, Andi Amran Sulaiman, on Sunday, August 18, 2024, witnessed a successful trial of B50 biodiesel production at PT. Jhonlin Agro Raya’s biodiesel plant in Batulicin, Tanah Bumbu, South Kalimantan, marking a significant step toward national energy independence and supporting Indonesia’s vision for sustainable future energy.
TDE targets 500 MW data center capacity by 2030, emphasizing AI development
PT Telkom Data Ekosistem (TDE), a subsidiary of State telecommunication company PT Telkom Indonesia, sees a bright future in data center business, with plans to expand its capacity to 400-500 MW by 2030, driven by the rapid advancement of artificial intelligence (AI) technology.
Four major investors set to develop key facilities in IKN
Four major companies have initiated the construction of various key facilities in Ibu Kota Nusantara (IKN) in East Kalimantan, reflecting a strong commitment to supporting the development of Indonesia's new capital, with investments totaling Rp5.375 trillion.
PLN-GD Power collaborate to develop floating solar power plant in East Java
State electricity company PT PLN has partnered with Hong Kong-based energy company GD Power Overseas Investment Company Limited (GD Power) to develop a floating solar power plant (PLTS) in Karangkates, East Java, with a capacity of 129 Megawatt peak (MWp).
Intiland invests Rp3.8 trillion in three major projects in IKN
PT Intiland Development (DILD), through its subsidiary PT Adiwarna Harapan Nusantara, has committed an investment of Rp3.8 trillion (US$242 million) into three flagship projects in Indonesia's new capital, Nusantara (IKN).
PT Badak LNG asked to expedite reactivation of Plant F for Geng North gas production
The Ministry of Energy and Mineral Resources (ESDM) has asked PT Badak LNG to accelerate the reactivation of Plant F, which will be used to process gas from the Geng North well, operated by Italian oil and gas company ENI in the North Ganal block.
E. Indonesia’s oil&gas explorations boosted upon Seram-Aru 2D seismic survey completion
The Ministry of Energy and Mineral Resources (ESDM) has announced that Malaysian oil company Petronas successfully completed a 2D seismic survey in the Seram-Aru offshore area in July 2024, ahead of schedule.
Batang Toru hydroelectric power plant may begin operation ahead of schedule
Directorate General of New, Renewable Energy, and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM) reveals that the Batang Toru Hydroelectric Power Plant (PLTA) in South Tapanuli, slated to provide clean energy to North Sumatra, is projected to begin operation in the first half of 2026, ahead of the initial Power Purchase Agreement (PPA) target of December 31, 2026.
Blawan Ijen geothermal power plant set to begin operation in December 2024
The Blawan Ijen Geothermal Power Plant (PLTP) project in East Java, developed by PT Medco Cahaya Geothermal, is on track to begin commercial operation by December 2024.
ThorCon Power Indonesia submits proposal for Indonesia's first nuclear power plant
PT ThorCon Power Indonesia has officially submitted a proposal to the National Energy Council (DEN) to begin preparations for the implementation of the TMSR500 as Indonesia's first nuclear power plant (PLTN).