Friday, February 23, 2024

Tag: BUMN

The Japanese oil giant, Inpex Corporation, is currently seeking long-term gas buyers for the Abadi LNG project in the Masela Block. […]
The Indonesian government continues to push for the development of bioenergy through a blend of diesel fuel and 35 percent palm oil, known as the mandatory biodiesel B35 program. The campaign is strengthened with the introduction of a vision for Indonesia to produce fuel that is 100 percent derived from palm oil, known as B100. […]
State-owned construction firm PT Wijaya Karya (WIKA) is prepared to construct the Capital City of Nusantara (IKN) Toll Road Section 3B-2: Kariangau KKT – Sp. Tempadung with a project value of Rp1.2 trillion (US$76.8 million). […]
The upcoming inauguration of PT Freeport Indonesia’s new copper smelter in Java Integrated Industrial and Ports Estate (JIIPE), Manyar, Gresik regency, East Java, represents a pivotal moment in Indonesia’s mining sector. Scheduled to commence its first production in August 2024, this state-of-the-art smelter is poised to unlock a new chapter of economic growth and resource development in the region. […]
The Ministry of Energy and Mineral Resources (ESDM) has reported a significant milestone in Indonesia’s energy landscape, with domestic natural gas utilization reaching 68.2 percent of total production throughout 2023. This achievement underscores the nation’s commitment to maximizing the utilization of its abundant natural resources and highlights the pivotal role of natural gas in meeting both industrial and household energy needs. […]
State-owned gas distributor PT PGN (PGAS), a subsidiary of Pertamina, has taken a bold step towards expanding its global business operations by orchestrating the sale of seven liquefied natural gas (LNG) cargoes to China. The move, equivalent to 64 billion British thermal units per day (BBtud), signifies PGN’s entrance into the international LNG market and underscores its commitment to diversifying […]
PT Pertamina Patra Niaga, a Commercial & Trading Sub-Holding of PT Pertamina, responds to findings by the Business Competition Supervisory Commission (KPPU) regarding the monopoly of aviation fuel sales. […]
PT Pertamina Hulu Energi (PHE) has entered into a collaboration with the Italian oil and gas company ENI and Malaysia’s Petronas to explore the potential of oil and gas blocks in Africa and South America. […]
PT Pertamina Hulu Energi (PHE) is expediting the process of developing oil and natural gas (oil and gas) discoveries in Bekasi, West Java. […]
PT PLN Energi Primer Indonesia (PLN EPI) is set to establish a joint venture company to build and operate midstream LNG infrastructure as part of the company’s power plant gasification program. Mamit Setiawan, Corporate Secretary of PLN EPI, revealed that the company is currently conducting auctions to select potential partners. “In each cluster, PLN EPI will partner with one selected […]
Two state-owned construction companies, PT Wijaya Karya (WIKA) and PT Waskita Karya (WSKT), have expressed their commitment to continuing to strengthen governance amid indications of conflicts of interest within the company. […]
In an effort to provide decarbonization solutions for its business partners, Commercial and trading subholding of Pertamina, PT Pertamina Patra Niaga, is opening opportunities for carbon trading with domestic and international companies. […]
PT PGN (PGAS) as the Gas Subholding of Pertamina is preparing for the development of a household gas network program to support the provision of clean energy in the Nusantara Capital (IKN). […]
The Indonesian central bank (BI) has recorded the five largest creditors for Indonesian private foreign debt in the past 10 years, namely Singapore, the United States, China, Hong Kong, and Japan. Overall, as of November 2023, private foreign debt decreased by 2.3 percent compared to the same period in 2022 (year-on-year/yoy) to US$196.2 billion. […]
The Ministry of Energy and Mineral Resources (ESDM) asks State electricity company PT PLN to expand its business scheme related to fundraising for projects outlined in the Electricity Supply Business Plan (RUPTL) 2021-2030 as a measure to provide an alternative investment avenue currently unavailable to PLN. […]
State electricity company PT PLN is expanding synergies in the development of geothermal power plants (PLTP) in East Africa with Tanzania Electric Supply Co Ltd (TANESCO). […]
State electricity company PT PLN has constructed 191 high-voltage overhead transmission line (SUTT) towers of 150 kV Sandai – Incomer (Ketapang-Sukadana) with a length of 129,762 kilometers of circuit (kms) and provided electricity to the 30 Megavolt Ampere (MVA) Substation in Muara Jekak Village, Ketapang, West Kalimantan. […]
PT Bukit Asam (PTBA), a member of the MIND ID Group in the coal mining sector, continues to drive its business processes through technological innovation in the use of renewable energy. […]
Mining company PT Agincourt Resources has allocated a commitment of approximately US$29 million or equivalent to Rp457.91 billion for the closure of the Martabe Gold Mine area in North Sumatra, after the contract ends in 2033. […]
A consortium of South Korean battery maker LG Energy Solution (LGES) and an Indonesian consortium of National diversified miner PT Aneka Tambang (Antam) and its subsidiary Indonesia Battery Corporation will finalize the establishment of joint venture companies this week. […]
PT Pertamina International Shipping (PIS) is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange (BEI) in the coming year, with plans to release a minimum of 10 percent of its shares to the public. […]
PT Pertamina International Shipping (PIS), a subholding of Pertamina engaged in integrated logistics and shipping, reported a revenue of US$3.3 billion, equivalent to Rp51.56 trillion in its unaudited financial performance for 2023. This represents an 18 percent increase compared to the 2022 realization of US$2.8 billion or Rp43.75 trillion. The net profit after tax for 2023 reached US$304 million, marking […]
Only less than a month after a previous incident, another smelter fire occurred in the Morowali industrial area, Central Sulawesi, on Friday, January 19, 2024, affecting the smelter furnace owned by PT Sulawesi Mining Investment (SMI). […]
PT Pertamina International Shipping (PIS), a Pertamina subsidiary engaged in integrated logistics and shipping, has ordered 15 medium-sized ships (40-50,000 deadweight) from Hyundai Mipo Dockyard, Ulsan, South Korea. […]
Indonesia is poised to witness a groundbreaking development as State-owned electricity company PT PLN, under its subholding PLN Indonesia Power, gears up to operationalize the country’s inaugural hydrogen refueling station (HRS) in Senayan, Jakarta. With the construction progress reaching an impressive 98 percent, the HRS is slated for completion by February 2024. […]
Director General of Highways at the Ministry of Public Works and Housing, Hedy Rahadian, said on Monday that he was optimistic that the elevated Harbour Toll Road II, connecting East Ancol to Pluit, will be completed by 2025. […]
Executive Director of the Institute for Essential Services Reform (IESR), Fabby Tumiwa, asks that State electricity company PT PLN to initiate auctions for large-scale renewable energy (EBT) projects this year, suggesting a bundle scheme or project package mechanism in an effort to secure economic viability of these EBT power plant projects by developers. […]
Minister of State-Owned Enterprises, Erick Thohir, recently called upon executives of two state-owned construction companies, namely PT Waskita Karya (WSKT) and PT Wijaya Karya (WIKA), to discuss solution for their massive debts issue. […]
Pertamina Patra Niaga, Subholding Commercial and Trading of PT Pertamina, has initiated the refueling of environmentally friendly fuel for cruise ships docking at Benoa Port in Bali on Monday. One of the recipients of this eco-friendly fuel is the Norwegian Jewel cruise ship. […]