#BUMN
PLN’s captive power acquisition program for PT SMART in Kotabaru
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.
KAI requests additional state capital injection for 2025
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.
SKK Migas inaugurates key PHM projects to boost national oil, gas production
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.
Perum Damri requests Rp1 trillion state capital injection for 2025
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.
CEOR Minas investment approved, PHR to increase Rokan Block production
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.
House approves Rp965 billion capital injection for PT INKA
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).
PIEP opens Middle East branch in search of new oil & gas blocks
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.
KCI boosts train imports from China to meet urgent fleet needs
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.
PHR’s exploration, innovation endeavors increase Rokan Block's oil reserve potential
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.
Sri Mulyani proposes Rp6.1 trillion state capital injection for five SOEs
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).
Pertamina Hulu Mahakam prepares three onstream projects this month
PT Pertamina Hulu Mahakam (PHM) is preparing three onstream projects this month, namely Peciko 8B, SWPG Debottlenecking, and Bekapai Artificial Lift.
PIS seals business deal for liquid CO2, LNG transport with Japanese Shipping Giant NYK
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.