#Energy
Indo Tambangraya sets IDR 1.29 trillion Capex for greenfield project
Coal supplier company PT Indo Tambangraya Megah Tbk (ITMG) has budgeted IDR 1.29 trillion (US$ 84.3 million) for its 2023 Capital expenditure (Capex) to support its greenfield project.
Pertamina Geothermal Energy successfully conducts IPO, amidst opposition
The much anticipated Initial Public Offering (IPO) of PT Pertamina Geothermal Energy (PGE) has been oversubscribed 3.8 times on the first day of its listing despite the fluctuating price per share which touched IDR 825 from the offering of IDR 875 on February 24, 2023.
New gas reserve of 15.02 million cubic feet discovered in Maluku
The Upstream Oil and Gas Regulatory Task Force (SKKMigas) and Cooperation Contract Contractor (KKKS) Citic Seram Energy Ltd. has claimed the discovery of a fresh reserve of 15.02 million cubic feet of gas on Seram Island in Maluku province, Antara news agency reported.
Sumber Tani allocates IDR 335 billion for 2023 Capex
Oil palm plantation firm PT Sumber Tani Agung Resources Tbk (STAA) has allocated IDR 335 billion (US$ 22 million) Capital expenditure in 2023 to increase its plantation area to 60,000 hectares (ha) in 2025.
Adaro Minerals sets US$ 90 million Capex for coal metallurgy
Mining firm PT Adaro Minerals Indonesia Tbk (ADMR) has allocated US$ 70-90 million Capital expenditure (Capex) for 2023 for one of its coal metallurgy (hard cooking coal).
Medco Energi to use US$ 370 million Capex for Natuna block development
PT Medco Energi Internasional Tbk (MEDC) has allocated US$ 370 million Capital expenditure (Capex) in 2023 through its subsidiary for the development of its business portfolio in the oil and gas and power plants.
Indocement sets IDR 1.2 trillion Capex for refused derived fuel facilities
Indonesia's second largest cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) has prepared a IDR 1.2 trillion (US$ 79 million) Capital expenditure (Capex) for 2023. Most of the Capex will be used to finance factory leases and add the refused derived fuel (RDF) facilities.
Pertamina Hulu Energi sets IDR 86.26 trillion Capex to acquire rights for Masela block
PT Pertamina Hulu Energi (PHE) has allocated IDR 86.26 trillion (US$ 5.7 billion) Capital expenditure (Capex) in 2023to acquire Shell's 35% participating interest (PI) in the Liquefied Natural Gas (LNG) Abadi Masela block.
Dharma Satya Nusantara allocates IDR 800 billion of Capex in 2023
Palm oil and wood products producer PT Dharma Satya Nusantara Tbk (DSNG) has allocated IDR 800 billion (US$ 53,152,800) Capital expenditure (Capex) in 2023 for the construction of two palm oil factories.
Chinese company to invest US$ 3 billion in silica sand mining in Bangka-Belitung Islands
Bangka-Belitung Islands province's fame as a mining source of silica or quartz sand and rare earth minerals, has attracted a Chinese company to invest US$ 3 billion.
Arkora Hydro invests IDR 2.49 billion in new subsidiary
PT Arkora Hydro Tbk (ARKO) will establish a new subsidiary of PT Arkora Hydro Pamulihan (AHP) with IDR 2.49 billion (US$ 167,500) in investment. The new subsidiary will generate electricity through renewable and new power sources.
Pertamina Geothermal Energy eyes to raise IDR 9.78 trillion from IPO
PT Pertamina Geothermal Energy (PGE), a subsidiary of state-owned oil and gas giant company PT Pertamina, expects to earn up to IDR 9.78 trillion (US$ 657.92 million) in fresh funds from its Initial Public Offering (IPO) in early February.