Tag: BUMN

PLN Nusantara Power (PLN NP), a subsidiary of State electricity company PT PLN, recorded electricity production of 66.8 million mega watt hours (MWh) in 2023 or grew 291 percent compared to the 2022 realization of 17 million MWh following plant optimization measures taken throughout last year. […]

The East Java Provincial Prosecutors’ Office is investigating corruption allegations at State-owned railway manufacturer PT INKA following a report by Minister of State-owned Enterprises (SOEs) Erick Thohir. […]

State-owned mining company PT Aneka Tambang (Antam) says it respects the ongoing legal process against an alleged corruption case involving the illegal management of 109 tons of Antam gold between 2010 and 2022. […]

State-owned mining company PT Aneka Tambang (Antam) and China’s battery giant, Contemporary Emperex Technology Co. (CATL), are developing midstream nickel industry. […]

PT Indonesia Asahan Aluminium (Inalum), a subsidiary of the state-owned mining holding company MIND ID, has appointed Ilhamsyah Mahendra as the new CEO, replacing Danny Praditya, who is under investigation for alleged corruption in a gas trading case at PT PGN. […]

State-owned power utility PT PLN is ready to meet the needs of green electricity for the industrial sector in Indonesia, through its Green Energy as A Service (GEAS) program that will provide clean electricity from new renewable energy-based power plants. […]

Players praise the government for its support in domestic rooftop solar panel industry through suitable regulation. […]

A subsidiary of state owned energy company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE) and Coal Power Generation Company Bangladesh Limited (CPGCBL) have signed a Memorandum of Understanding (MoU) of 500 MW grid-connected solar PV project at Moheshkhali area of Cox’s Bazar, Bangladesh, and other parts of the country. […]

State electricity company PT PLN energizes the first transmission line connecting its 150 kiloVolt (kV) Kolaka Substation in Kolaka regency, Southeast Sulawesi, with the substation of PT nickel mining company PT Ceria Nugraha Indotama (CNI), part of the Ceria Group. […]

The Ministry of State-Owned Enterprises (SOEs) is pushing for state-owned companies to focus on six key sectors − basic infrastructure development, mineral industry downstreaming, energy security and defense system modernization, tourism development, SME initiatives, and agricultural development − to boost domestic economy. […]

The Ministry of State-Owned Enterprises (SOEs) reports a steady increase in contributions from state-owned companies to the nation over the past five years, generating income of Rp2,516 trillion (US$155.5 billion) for the state through taxes, non-tax state revenues (PNBP), and dividends or profit shares. […]

The House of Representatives (DPR) on Wednesday, July 10, 2024, approved a proposal for State Capital Injection in 2025 for State utility company PT PLN amounting to Rp3 trillion (US$185 million) to support the company’s 100 percent Electrification Ratio and Village Electricity Ratio (RDB) as part of its commitment on energy justice, particularly in Disadvantaged, Frontier, and Outermost (3T) regions. […]

All nine factions in Commission VI of the House of Representatives (DPR) have expressed their support for the proposed US$2.73 billion State Capital Injection for State-owned Enterprises for the 2025 fiscal year. […]

State utility company PT PLN has since July 2, 2024, provided 18.58 Megavolt Ampere (MVA) of electricity to agribusiness company PT Sinar Mas Agro Resources And Technology (SMART) in Kotabaru regency, South Kalimantan, through captive power acquisition program. […]

State railway operator PT Kereta Api Indonesia (KAI) has proposed an additional State Capital Injection (PMN) of Rp1.8 trillion (US$110.6 million) for the next year to procure 24 new Electric Rail Train (KRL) sets from domestic sources to meet rising passenger demand and the need to replace aging trains. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) recently inaugurated three projects of PT Pertamina Hulu Mahakam (PHM) in the Mahakam Block aimed at boosting national oil and gas production. […]

State-owned land transportation company Perum Damri has proposed a State Capital Injection (PMN) of Rp1 trillion (US$16.5 million) for 2025 that will be used to procure 100 electric buses for Transjakarta and to rejuvenate diesel buses for pioneer routes. […]

Pertamina Hulu Rokan (PHR), a subsidiary of State oil and gas company Pertamina, is ready to increase oil production from Rokan Block through the development of Chemical Enhanced Oil Recovery (CEOR) upon securing approval on the Final Investment Decision (FID) for CEOR Minas by PHR President Director Ruby Mulyawan on June 30, 2024. […]

Commission XI of the House of Representatives (DPR) has sanctioned a state capital injection (PMN) amounting to Rp965 billion (US$59 million) for State-owned train manufacturer PT Industri Kereta Api (INKA). […]

PT Pertamina International EP (PIEP) − an international upstream subholding of the State oil and gas company Pertamina − has expanded its operation in the Middle East, opening a branch office in Dubai, the United Arab Emirates, on Tuesday, July 2, 2024. […]

Commuter Line service operator PT Kereta Commuter Indonesia (KCI) will increase its import of train sets from China to 11, due to State-owned train manufacturer PT Industri Kereta Api’s (INKA) inability to deliver the planned 17 train sets by 2025, but two units instead. […]

PT Pertamina Hulu Rokan (PHR), a subsidiary of State-owned energy company Pertamina, continues to strive to increase its oil and gas production after the transfer of Rokan Block management, one of which is through exploration activities that have succeeded in providing additional significant oil and gas resources and reserves from the oil block. […]

Minister of Finance Sri Mulyani Indrawati has proposed a state capital injection (PMN) totaling Rp6.1 trillion for five state-owned enterprises (SOEs) this year, representing 44.85 percent of the total PMN requested by the Ministry of State-Owned Enterprises (SOEs) amounting to Rp13.6 trillion (US$833 million). […]

A subsidiary of State-owned energy company Pertamina, PT Pertamina International Shipping (PIS), has struck a deal with Japanese shipping company Nippon Yushen Kabushiki Kaisha (NYK) Group to cooperate in liquid carbon dioxide (CO2) and liquified natural gas (LNG) transportation and ship management. […]

The Indonesian government plans to shut down several problematic state-owned enterprises (SOEs), including State-owned construction company PT Amarta Karya, following comprehensive assessment conducted throughout 2023. […]

A subsidiary of State-owned energy company PT Pertamina, PT Pertamina Hulu Energi (PHE), continues to strive to explore potential of geologic hydrogen as part of the efforts to ensure national energy security. […]

MIND ID, Indonesia’s state-owned mining holding company, has reported a significant increase in its renewable energy consumption to 18.25 Gigajoules (GJ), equivalent to 5,068 Gigawatt hours (GWh) in 2023, reflecting a 6.55 percent rise compared to the previous year. […]

PT Pertamina Geothermal Energy, a subsidiary of State oil and gas company PT Pertamina, is seeking sustainable relationship with strategic stakeholders, particularly investors, to promote clean energy. […]

PT Kilang Pertamina Internasional (KPI), a subsidiary of State oil and gas company PT Pertamina, is opening the opportunity for investors and strategic partners to develop environmental friendly green refineries. […]

State electricity company PT PLN has sealed an agreement to supply green energy of 210 Gigawatt hour (GWh) per year to the global fashion company, H&M Group. Through this collaboration, PLN supports decarbonization measures, especially in the country’s industrial sector. […]