#Infrastructure
Foreign investors invited to help develop 22 GW renewable energy power generation in 10 years
Minister of Energy and Mineral Resources, Arifin Tasrif, has invited his counterparts at the B20 Forum to participate in Indonesia's energy transition. "Let us build a collaboration among ourselves and keep communicating so we know what we are trying to accomplish and what opportunities we can share," he told investors attending the event at the Bali Nusa Dua Convention Center on November 13, 2022.
Total receives IDR 2.6 trillion contracts for 2023
Major constructor firm PT Total Bangun Persada Tbk has secured a contract of about IDR 2.6 trillion and a capital expenditure (Capex) for 2023 worth IDR 3 billion for project equipment, IT tools and IT software.
SCMA allocates IDR 250 billion for digital infrastructure
PT Surya Citra Media Tbk (SCMA) - which is the umbrella company of free-to-air television networks of SCTV and Indosiar - will allocate IDR 250 billion for capital expenditure (Capex) for digital infrastructure development from analog TV to digital TV. The company will also establish a new studio and purchase broadcasting equipment.
Mandiri achieves IDR 2 trillion of its 2022 Capex for IT development
PT Bank Mandiri Tbk (BMRI) has completed 75% of its CAPEX in 2022 to develop its digitalization services and strengthen its cyber security, its CAPEX for this year reaches Rp2T for IT development.
Mitratel earns IDR 5.6 trillion net income by Q3 2022
PT Dayamitra Telekomunikasi Tbk (Mitratel), a subsidiary of state-owned company Telkom Indonesia, has recorded a IDR 5.6 trillion net income until the third quarter of 2022, an increase of 11.5% from last year.
AC Ventures empowers startups through ESG
Venture capital firm AC Ventures has empowered startups through the ESG (environment, social and governance) framework and the European Union-compliant systems, giving a baseline strategy to grow promising opportunities in the long term.
Sinar Mas Land to build Indonesia's Silicon Valley in BSD City
Giant property developer PT Sinar Mas Land has allocated between IDR 5 trillion and IDR 6 trillion in the next seven years to build a Digital Hub in the BSD City in Banten, west of Jakarta. The Digital Hub will house community, education institutions, start-ups and multinational companies in technology, digital and creative industries. Sinar Mas Land Chief Digital Technology Ecosystem and Development Irawan Harahap said that since 2017, the company has spent IDR 1.5 trillion on the Digital Hub project. The budget has been spent on land clearance, plotting the ground and others. "Our business model is primarily that of a property developer. We sell land and build buildings, and potential start-up companies can rent to own the buildings, but we have to approve them," he said on October 26, 2022. Sinar Mas Land is developing the Knowledge Park Building in the Digital Hub, the first smart building in Indonesia. The company will launch TikTok Hub by the end of October, where Tik-Tokers will have access to a production and promotion site, lifestyles and coffee shops - all in one location. Internet access is available in all infrastructures as Sinar Mas Land has cooperated with network providers and has its fiber optic network. "We have a license from the Ministry of Communication and Informations. We cooperate with all ISPs," Harahap said.
Renewable energy success in Bondan village amidst limitation
PT Kilang Pertamina Internasional (KPI) has utilized the Hybrid Energy One Pole (HEOP) technology that offers renewable energy through solar panel and wind power since 2017. The technology helps pave the way to more renewable energy implementation at Bondan village, Ujung Alang district, Cilacap regency, Central Java.
Investment realization reaches IDR 892.4 trillion in 2022: BKPM
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion - or 74.4% of the target - both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
Jatibarang Field implements CO2 injection
State-owned oil and gas giant PT Pertamina and Japan Oil, Gas and Metals National Corporation (JOGMEC) have implemented a CO2 injection program for Carbon Capture, Utilization and Storage-Enhanced Oil Recovery (CCUS-EOR) in a kick-off ceremony at the Jatibarang Field JTB-161 on-site, West Java, on October 26, 2022.
Gunawan Dianjaya Steel to build second plate mill factory
PT Gunawan Dianjaya Steel Tbk (GDS) is currently building its second plate mill factory (GDS II plate mill plant) using allocated Capex (Capital expenditure) of IDR 24 billion. The new factory is slated to be completed by the end of 2023.
Riau Islands offers tourism potential to Turkish investors
Riau Islands administration is offering potential tourism investments to Turkish investors, especially in the eco-tourism sector. The province is known for its high tourism potential, strategic location and beautiful scenery.