JAKARTA - Shikoku Electric Power Company (Yonden) has officially acquired the shares of PT Hero Global Investment Tbk (HGII) on Friday (24/1).

Yonden through its subsidiary, SEP International Netherlands B.V. (‘SEPI’), took over 25% of the shares of HGII's founders worth IDR 325 billion. With this corporate action, HGII's shareholder composition is 55% shares of the company's founders, 25% shares of Yonden, and 20% public shares.

The agreement was signed by HGII President Director Robin Sunyoto and Yonden General Manager International Business and Cooperation Department Kazuichi Ikeda in Jakarta on Friday (24/1).

In his speech, Robin mentioned several reasons for the partnership with Yonden. 

Firstly, the two companies share the same vision and mission, especially in their commitment to develop renewable energy. 

Secondly, Yonden's experience and excellence in the energy sector is a big plus. Yonden, which is listed on the Tokyo Stock Exchange under the stock code TYO:9507. Yonden has a long track record since its establishment in 1951, and is known for its efficient operational performance and sustainable profitability.

‘We are proud to partner with Yonden. Their support will help HGII accelerate the development of renewable energy in Indonesia, including our target to reach 100 MW capacity by 2031,’ said Robin.

Meanwhile, Kazuichi Ikeda emphasised that Yonden's decision to invest in HGII was based on the company's huge potential. He highlighted HGII's renewable energy projects that are already in full swing and generating stable revenue from long-term power purchase agreements. In addition, HGII is developing hydro, solar, biogas and biomass-based projects.

‘We believe this investment will enhance HGII's profitability and support Indonesia's decarbonisation efforts. With our expertise in power plant construction, operation, and maintenance, we are optimistic that we can make a real contribution,’ Ikeda concluded. (DK/LM)