#MoU
LiuGong to build US$317 M electric heavy equipment plant, support Indonesia’s industrial downstreaming
Chinese heavy equipment manufacturer LiuGong Machinery has reaffirmed its long-term commitment to Indonesia through a major investment aimed at building one of the nation’s largest and most advanced heavy equipment manufacturing facilities.
Danantara to consolidate 889 SOEs under one command to accelerate nat’l growth
Chief Investment Officer (CIO) of Indonesia’s sovereign investment agency BPI Danantara, Pandu Sjahrir, has revealed the agency’s plan to consolidate 889 state-owned enterprises (SOEs) into a streamlined structure under a single command aimed at reducing the current number of SOEs to around 200, simultaneously allowing for tighter coordination and stronger national synergy.
PGN, Mubadala Energy strengthen partnership to develop S. Andaman gas potential
State has distribution company PT Perusahaan Gas Negara (PGN) and Mubadala Energy (South Andaman) RSC LTD have signed a memorandum of understanding (MoU) to jointly explore the utilization of natural gas from the South Andaman Production Sharing Contract (PSC), including the development of gas pipeline infrastructure and the assessment of LNG infrastructure options.
Danantara-ACWA Power-Pertamina partner in US$10 B green hydrogen, water desalination project
State investment management agency (BPI Danantara) has joined a US$10 billion (Rp162.15 trillion) project spearheaded by Saudi-based ACWA Power Co. and State energy giant PT Pertamina in a combined green hydrogen production and large-scale water desalination project, which represents one of the most ambitious sustainable energy collaborations in Southeast Asia.
Danantara-PGE to sign strategic agreements for 3 GW geothermal expansion
Indonesia’s state investment management authority BPI Danantara is preparing to sign a Head of Agreement (HoA) and Memorandum of Understanding (MoU) State energy company PT Pertamina Geothermal Energy (PGE) to accelerate the development of key national projects, with a focus on expanding geothermal energy capacity up to 3 gigawatts (GW).
Indonesia secures US$800 M investment for strategic chemical plant construction
Indonesia is taking a major step toward strengthening its industrial base and reducing reliance on imported raw materials with the signing of a Memorandum of Understanding (MoU) between the State investment management agency Danantara, the Indonesia Investment Authority (INA), and petrochemical and energy giant PT Chandra Asri Pacific (TPIA).
Indonesia-Northern Territory set up partnership on critical mineral supply chain
The Indonesian Ministry of Energy and Mineral Resources (ESDM) is collaborating with the Northern Territory (NT) of Australia in strengthening the supply chain of critical and strategic minerals.