Tag: BUMN

PT Supreme Energy Muara Laboh (SEML), a joint company between PT Supreme Energy Sumatera, Sumitomo Corporation and Inpex Geothermal Ltd, signed an amandement of power purchase agreement (PPA) with State power utility PT PLN on December 23, 2024 to develop units 2 and 3 (140 MW) of Muara Laboh geothermal located in South Solok regency, West Sumatra province. […]

Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency. […]

PT PGN LNG Indonesia, as part of Pertamina’s Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region. […]

The government must accelerate the process of converting kerosene to 3 kg Liquefied Petroleum Gas (LPG) for people in East Nusa Tenggara (NTT) province, in particular West Flores regency, for the sake of sustainable livelihood of the people and the government’s green energy target, an energy observer says. […]

PT Bank Rakyat Indonesia (BRI) has addressed claims of a ransomware attack, assuring customers that their data and funds remain secure. […]

PT Bank Central Asia (BCA) is reportedly planning to reorganize its board of directors by the end of 2024, with Gregory Hendra Lembong being anticipated as a strong candidate for the position of BCA’s President Director, succeeding Jahja Setiaatmadja, who is speculated to assume the role of BCA’s President Commissioner. […]

A researcher has suggested the imposition of a transition period for the implementation of government-planned major reforms in the subsidized fertilizer distribution system. […]

Indonesia’s plan to increase the palm oil blend in biodiesel to 40 percent (B40) starting January 1, 2025 appears to be implemented gradually after industry players voiced the need for a transition period despite the government’s readiness for the policy rollout. […]

The Institute for Energy Economics and Financial Analysis (IEEFA) has found that most renewable energy projects have not yet reached the power purchase agreement (PPPA) stage, despite being auctioned two years ago. […]

PT PLN on Tuesday, December 10, 2024 opened a Media Roundtable with four leading startups to accelerate the development of the green energy ecosystem. The four startups, namely Maka Motors, Dayagreen, Gree, and 360E, which are members of the Connext Powered by PLN program. […]

Darmawan Prasodjo, President Director of State power utility PT PLN, has been named CEO of the Year for the third consecutive time at the CNBC Indonesia Awards 2024 presentation ceremony held on Wednesday, December 11, 2024. […]

State-owned construction company PT Wijaya Karya (WIKA) has confirmed discussions regarding a potential merger with fellow state-owned company PT PP (PTPP). If the merger proceeds, the combined entity is expected to focus on large-scale infrastructure projects such as ports, airports, factories, and residential developments. […]

State-owned gas distribution company PT PGN has partnered with the National Nutrition Agency (BGN) to supply natural gas for the government’s “Makan Bergizi Gratis” (MBG) or “Free Nutritious Meal” program. […]

Trade and State-owned Enterprises (SOEs) Commission VI of the House of Representatives (DPR) highlighted the worrying performance of building material solutions provider PT Semen Indonesia Group (SIG), particularly its impact on subsidiaries − PT Semen Padang, PT Semen Tonasa, and PT Semen Baturaja. […]

Indonesia’s state-owned mining holding company, MIND ID, has announced that it will focus on five strategic downstream projects in 2025, with an allocated investment of Rp20.6 trillion (US$1.3 billion). […]

The 8-percent economic growth target set by the Prabowo Subianto government in 2026 must be supported by strong energy security, with sea transportation playing a key role, an observer says. […]

PT Semen Baturaja (SMBR), a subsidiary of State-owned cement producer PT Semen Indonesia (SIG), remains optimistic about closing 2024 with positive performance even though the national cement industry is experiencing market oversupply, with the South Sumatra-based company recording a 1-percent increase in sales volume as of third quarter of 2024 compared to the same period in the previous year. […]

State-owned fertilizer holding company PT Pupuk Indonesia has booked 6.7 million tons of subsidized fertilizers distribution in Indonesia as of November 30, 2024, the distribution realization has reached 6.7 million tons, or around 88.9 percent of the total government contract of 7.54 million tons for 2024. […]

State-owned mining holding company, MIND ID, seeks support from the Energy Commission XII of the House of Representatives (DPR) to limit the construction of new smelters in Indonesia over concerns of oversupply of mining products in the global market. […]

Trade and Sate-owned Enterprises (SOEs) Commission VI of the House of Representatives (DPR) has called for the acceleration of the ratification of the Presidential Regulation (Perpres) to simplify the distribution chain of subsidized fertilizers in the country. […]

An economist with the Institute for Development of Economics and Finance (INDEF) says energy resilience is one of the main priorities of the new Indonesian government in anticipation of global geopolitical dynamics and domestic challenges. […]

President Prabowo Subianto has ordered for a 10-percent decrease in domestic airfares during the 2024 Christmas and 2025 New Year holidays as part of the efforts to ease the burden on local travelers. […]

The establishment of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has entered the final stage with the draft Government Regulations (PP) and Presidential Regulations (Perpres) of the State-owned Enterprise (SOE) Superholding was submitted by Head of BPI Danantara Muliaman Hadad and Deputy Head Kaharuddin Djenod to Minister of State Secretary Prasetyo Hadi on Friday, November 29, 2024. […]

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadialia said the government is opening the opportunity for new foreign investors to invest in the Tuban Grass Root Refinery (GRR) project if Russia’s Rosneft Oil Co PJSC fails to provide clarity on its commitment to the venture. […]

State energy company PT Pertamina is making strategic efforts to reduce emissions by reducing methane exhaust gas from all lines of the company’s operations. The company is committed to achieving Zero Routine Flaring Initiative (ZRF) by 2030, with a target of reducing methane emissions by 40 percent. […]

Pertamina NRE, a subsidiary of State energy company PT Pertamina, seeks regulations that will strengthen and encourage the oil and gas industry by accelerating the implementation of carbon capture and storage/carbon capture,utilization and storage (CCS/CCUS) technology in Indonesia. […]

PT Indonesia Asahan Aluminium (Inalum), a mining company under the Mining Industry Indonesia (MIND ID) holding company, is preparing to conduct its first initial public offering (IPO) on the stock exchange. […]

State-ownwed diversified miner PT Aneka Tambang (Antam) has allocated US$723 million (Rp11.46 trillion) in Capital Expenditure (Capex) that will be used for gold, bauxite, and nickel exploration over the next five years. […]

President Prabowo Subianto’s vision of achieving the net zero emission target by 2050 should be accompanied with more ambitious plan of actions than mere building 75 gigawatts (GW) of renewable energy-driven power plants, an energy analyst says. […]

PT PLN (Persero) has solidified five strategic partnerships to advance Indonesia’s energy transition during the 29th Conference of the Parties (COP29) held in Baku, Azerbaijan. These collaborations focus on funding, technology, and human resource development to accelerate the development of clean energy infrastructure in Indonesia, paving the way for sustainable energy self-sufficiency. […]