#Corporate
Expert criticizes, CERI drafts lawsuit against PP No. 25/2024
JAKARTA − An expert has criticized the issuance of Government Regulation (PP) No. 25/2024, which is considered to be overlapping with the Law No. 3/2020 on Mineral and Coal Mining, while an energy watchdog has planned to challenge the regulation in court for contradicting the law which is higher in hierarchy.
Cement association expresses concerns on EU's carbon border adjustment mechanism
The European Union's Carbon Border Adjustment Mechanism (CBAM) has raised concerns among Indonesian cement industry stakeholders about its potential impact on national cement exports.
Government encourages ‘Jargas’utilization in households
June 1, 2024 − The Ministry of Energy and Mineral Resources (ESDM), through the Directorate General of Oil and Gas, continues to encourage the Indonesian households to use natural gas through the natural gas network (Jargas) program.
Gas power plant expansion threatens Indonesia's energy security: GEM Report
Jakarta, June 1, 2024 − A new report by the Global Energy Monitor (GEM) reveals that the expansion of gas-fired power plants and liquefied natural gas (LNG) import-export facilities in Southeast Asia, including Indonesia, will keep the region dependent on volatile fossil fuels and simultaneously reduce renewable energy investment in the region.
PLN partners with GoTo to provide official vehicles
Jakarta, June 1, 2024 − State electricity company PT PLN signed a memorandum of understanding (MoU) with PT GoTo Gojek Tokopedia to provide official transportation within the PLN Group.
Freeport responds to issuance of permit license extension
PT Freeport Indonesia has responded to the issuance of the Special Mining Business License (IUPK) extension to the subsidiary of the US-based Freeport-McMoRan Inc.
IHC records positive performance achievements in 2023
Jakarta, June 1, 2024 − The Annual General Meeting of Shareholders (AGM) of PT Pertamina Bina Medika Indonesia Healthcare Corporation (IHC), a state-owned hospital holding, held in Jakarta on Wednesday, May 29, 2024. revealed that the company recorded positive performance achievement last year.
Jokowi signs regulation on earlier permit extension for Freeport
President Joko Widodo has signed a government regulation that will allow PT Freeport Indonesia to submit for an extension of their Special Mining Business Permit (IUPI) after 2041.
Semen Baturaja books positive performance, distributes dividend
Cement company PT Semen Baturaja (SMBR), a subsidiary of state-owned cement holding company PT Semen Indonesia (SIG), held its annual shareholders’ meeting in Jakarta on Wednesday, May 29, 2024, announcing the company’s positive performance in the fiscal year of 2023.
PLN books net profit of US$1.4 billion in 2023
State electricity company PT PLN has booked a net profit of Rp22.07 trillion or US$1.4 billion in 2023, the largest in the company’s history. The amount was one and a half times of its net profit in 2022.
JTB gas field books record of full capacity production of 192 MMSCFD
PT Pertamina EP Cepu (PEPC), an upstream subholding of State energy company PT Pertamina which operates the Jambaran-Tiung Biru (JTB) Gas Field in Bojonegoro, East Java, has recorded a milestone with the JTB Field stably booking full capacity production of 192 million standard cubic feet per day (MMSCFD) for a long period of time.
PLN joins Masdar to study expansion of Cirata Floating Solar Power Plant
State electricity company PT PLN, through its subholding PLN Nusantara Power (PLN NP), signed a Joint Development Study Agreement (JDSA) with the United Arab Emirates (UAE) energy company Masdar, to increase the capacity of the Cirata Floating Solar Power Plant (PLTS).