#Energy
DHL continues sustainable business in Indonesia
DHL expresses the importance of logistics in Indonesia and the prospect of continuing sustainable business in the long term ahead. For that, DHL Supply Chain (DSC) the parent company will invest €25 million in Cikarang, West Java.
Kemenparekraf invests in 25 projects
The Ministry of Tourism and Creative Economy (Kemenparekraf) is investing in 25 projects in Indonesia in 2022. Its projects are five Super Priority Destination (DSP), 8 Special Economic Zone (KEK) and 12 eco-tourism investment projects.
EU ban on Russian coal, Indonesia's mining sector expanded 4.01 percent
Indonesia's mining sector expanded 4.01 percent in the second quarter of 2022, a growth which the Central Statistics Agency or BPS attributed to, among other things, the rising foreign demand for coal amid Europe’s decision to ban Russian imports of the combustible black rock.
Chinese brand Wuling promote EVs in Indonesia
The new era of electric vehicle (EV) drives Wuling Motors to develop more EV cars in the future in Indonesia. With a thousand pre-orders on its latest products in 2022, Wuling Indonesia is currently following suit its parent company in China to develop more EVs for the market segment in Indonesia which is presently high-end.
Indika Energy absorbs US$19.3 million of Capex in H1 2022
PT Indika Energy Tbk has spent US$19.3 million out of the allocated budget of US$193 million towards the company’s subsidiaries and its ongoing gold mine project.
Pertamina Power uses Capex for NRE transition
PT Pertamina Power Indonesia (PPI) has initiated its long-term plan for 2020-2024 by using 9% of its capital expenditure (Capex) to develop green hydrogen pilot project in Ulubelu, Lampung.
Merdeka Tsingshan (MTI) gets injection to raise copper facility management
MTI received a capital injection from PT Merdeka Copper Gold Tbk (MDKA) to increase copper facility management in Morowali for export on Monday 1st August 2022 which was promised on 29th July 2022.
Adaro Energy expands its wing to carbon project
Publicly listed coal miner PT Adaro Energy Indonesia Tbk announced it would expand its coal business to carbon business through subsidiaries of PT Hutan Amanah Lestari (HAL) and PT Adaro Persada Mandiri (APM). APM would provide IDR45.5 billion loan for capital expenditure (Capex) allocation to HAL.
VKTR, TNS sign MoU on nickel ore supply for electric vehicles
PT VKTR Teknologi Mobilitas (VKTR) and PT Tambang Nickel Central Sulawesi (TNS) signed a memorandum of understanding (MoU) on July 19, 2022, in Palu, Central Sulawesi, on nickel ore supply. The nickel ore will contribute to the development of electric vehicle (EV) ecosystem in Indonesia.
Pertamina Geothermal provides investment opportunities for G20 countries
The subsidiary of the state-owned oil-and-gas giant PT Pertamina opens opportunities for G20 countries to invest in Indonesia in the sustainable energy sector to accelerate energy transition. The company’s subsidiary PT Pertamina Geothermal Energy (PGE) offered potential investors to increase geothermal capacity in North Sulawesi.
MBSS gets credit facility from BCA to meet demand on nickel cargo
Energy shipping company PT Mitrabahtera Segara Sejati Tbk (MBSS) purchased new vessels using bank loans worth IDR570 billion in order to fulfill demand on nickel cargo transportation.
West Java offers clean energy, infrastructure to foreign investors
West Java has offered several investment opportunities in various sectors, most importantly in renewable energy, industrial estate development and infrastructure, to foreign investors.