#Corporate
Trinasolar-Vanda RE strike deal for RI-Singapore renewable electricity export
Vanda RE Pte Ltd, a joint venture company majority-owned by Singapore energy company Gurīn Energy Pte Ltd, on Wednesday, September 4, 2024, signed a framework supply agreement with Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions, a step forward towards progressing Vanda RE’s renewable energy export project in Indonesia.
Rosan: Indonesia’s investment in African countries reaches US$2.09 bilion
Minister of Investment /Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, said bilateral Indonesia-Africa investment continues to grow, with Indonesia’s total investment in African countries for the period of 2019 until the second quarter of 2024 was recorded at US$2.09 bilion, while total investment of African countries in Indonesia at US$ 1.73 billion.
WEGE sees 31 percent increase in new contract revenue by July 2024
A subsidiary of state-owned construction company PT Wijaya Karya, PT Wijaya Karya Bangunan Gedung (WEGE), reported a significant increase in new contract revenue by July 2024, reaching a total of Rp1.21 trillion (US$77.9 million).
PLN inaugurates newly constructed Ground-mounted Solar Power Plant in W. Java
A consortium of State electricity company PT PLN, represented by its subsidiary PT PLN Batam, and solar power generation technology provider PT Aruna Cahaya Pratama, inaugurated on Thursday, August 29, 2024 the Ground-mounted 100 Megawatt peak (MWp) of solar power plant (PLTS) in Purwakarta, West Java
NGO asks government to restrict mining in Halmahera
Coastal, inland and small island communities in mainland area of Central Halmahera Regency, North Maluku are threatened with eviction, expulsion from their home areas, forced to accept relocation due to the development of National Strategic Project, while others are threatened by ecosystem destruction due to massive development.
Elnusa's “Slurry Merah Putih”ready for a wider market
PT Elnusa (ELNUSA), a subsidiary of PT Pertamina Hulu Energi (PHE) which is a member of Pertamina's Upstream Subholding, continues to develop innovations in the products and services offered to reach a wider market.
PTBA remains optimistic about coal business amid global challenges
Coal mining compnay PT Bukit Asam (PTBA) has maintained its optimism about the future of its coal business, despite the growing restrictions on coal consumption by several developed countries, including China.
Stock trading of Bayan Resources sees massive cross-transaction of Rp101.84 trillion
The stock trading of PT Bayan Resources, under the trading code BYAN, witnessed a massive cross-transaction in the negotiated market valued at Rp101.84 trillion (US$6.6 billion) on Wednesday, August 28, 2024.
PLN-Pupuk Kujang-IHI Corporation to develop green ammonia for PLTU
State power utility PT PLN, through its subholding PLN Indonesia Power (PLN IP), has struck a deal with State fertilizer company PT Pupuk Kujang and Japan's company Ishikawajima-Harima Heavy Industries (IHI Corporation) for the development of green ammonia that will be used to replace the role of coal in Coal Fired Power Plant (PLTU).
East Ventures’ six startups listed in 2024 Forbes Asia 100 to Watch list
East Ventures, a venture capital firm in Southeast Asia, sees six of its portfolio companies included in the prestigious 2024 Forbes Asia 100 to Watch 2024 list, the annual award categorization that showcases small companies and startups in Asia-Pacific that grabbed investors’ attention − and their checkbooks.
Vale Indonesia to add new partner in Sorowako nickel processing project
Mining company PT Vale Indonesia is set to add a new partner for its High Pressure Acid Leaching (HPAL) smelter project in Sorowako, South Sulawesi, aiming to process limonite nickel ore.
IDX faces allegations of bribery involving five employees
The Indonesia Stock Exchange (IDX) is under scrutiny following allegations of bribery involving five employees who reportedly solicited substantial kickbacks to facilitate the listing of companies on the exchange.