#Energy
Indonesia demands Singapore to develop solar power plant in Indonesia
The Indonesian government demanded Singapore to assist in the development of a solar power plant in Indonesia, as a requirement to import electricity from Indonesia.
Antam and Hong Kong’s CBL in deal for Halmahera Industrial Park share transfer
Antam’s subsidiary, PT International Mineral Capital (IMC), and Hong Kong CBL Limited (CBL), a subsidiary of Ningbo Contemporary Brunp Lygend Co Ltd, have signed a Conditional Share Purchase Agreement (CSPA) to acquire the stake held by Antam in PT Feni Haltim, the operator of Halmahera Industrial Park.
China’s Fujian commits to major investment in Batang Industrial Park
The Fujian Provincial Government plans to invest more in Central Java Province. The Fujian Provincial Government plans to build an energy factory on a 200-hectare plot of land within the Batang Integrated Industrial Park.
Government plans to implement nickel indices for domestic transaction
The Indonesian government is currently considering the establishment of indices for domestically processed nickel, similar to the benchmark coal price (HBA). The Indonesian Nickel Prices Index will become an instrument for buying and selling nickel in the domestic market, as Coordinating Minister for Maritime and Investment Luhut Binsar Pandjaitan said on Monday, May 8, 2023.
TSE Group commits to zero emissions to combat climate crisis using SBTi method
Plantation company Tunas Sawa Erma Group or TSE Group is starting to focus on committing to zero emission contributions until 2050 following the recent rapid increase of global temperature. The company is reported to use the SBTi method to achieve its target.
Merdeka battery to acquire stake in China-owned nickel-processing facility for US$75 million
PT Merdeka Battery Materials, a nickel unit of mining company Merdeka Copper Gold, has entered a conditional agreement to acquire 60 percent shares in PT Huaneng Metal Industry (HNMI), a nickel-processing facility in Indonesia Morowali Industrial Park (IMIP), Sulawesi.
PLN, Total Eren, Adaro Power to develop wind power plant in South Kalimantan
PT Perusahaan Listrik Negara (PLN) is collaborating with Total Eren S.A., PT Adaro Power, and PT Pembangkitan Jawa Bali Investasi (PJBI) to develop a 70-megawatt wind power plant (PLTB) in Tanah Laut, South Kalimantan.
Indonesia revokes tax holiday incentives for new nickel smelter to promote hydrometallurgical investment
The government has started to revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters under the consideration that high grade nickel ore processing plants are sufficient and do not need to get tax holiday facilities.
Malaysia-based company acquires mini hydro-power plant in North Sumatra
KAB Energy Holdings Sdn Bhd, a subsidiary of Kejuruteraan Asastera Bhd (KAB), a Malaysian company, has received approval from its shareholders to acquire a mini hydro-power plant in Indonesia.
PLN cooperates with France-based HDF to develop hydrogen power plant in Indonesia
State-owned electricity company PLN is collaborating with French company Hydrogen de France to develop hydrogen technology in Indonesia. In a visit to France, PLN CEO Darmawan Prasodjo signed a Memorandum of Understanding with HDF on April 18, 2023.
Chandra Asri and INA develop chlor alkali plant for EVs industry
PT Chandra Asri Petrochemical Tbk (Chandra Asri), Indonesia's largest integrated petrochemical company, and the Indonesia Investment Authority (INA), have signed a Memorandum of Understanding (MoU) on collaboration to develop a world-scale chlor-alkali plant in Indonesia.
IBC has signed agreements with CBL and LG to develop EVs battery.
Chief Executive Officer of PT Industri Baterai Indonesia Toto Nugroho said that the company needs high cost to finance the development of electric vehicle battery .